# Capchem wins $175 million lithium-ion battery electrolyte supply contract from Northvolt

Shenzhen Capchem Technology received a notice from Northvolt AB to become the exclusive supplier of lithium-ion battery electrolyte for Northvolt's A and B projects, with a total contract value of approximately $175 million (CNY 1.19 billion).

- Type: Contract
- Announced: 2021-09-04
- Where: Sweden
- Value: $175.0M
- Status: completed
- Products: lithium-ion battery electrolyte
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Northvolt](https://endata.com/companies/7632.md) (customer)
- [Shenzhen Capchem Technology](https://endata.com/companies/38432.md) (supplier)

## Sources

- [capchem.com](https://www.capchem.com/news/131.html), 2021-09-04: "新宙邦自2019年伊始，与Northvolt进行技术交流和商务洽谈，对若干个德系汽车厂的平台产品探讨解决方案，经过多次配方设计和调整，最终，含新宙邦自有专利添加剂的产品在与日本、韩国和中国的另外5家友商的对比中，以最优性能胜出，成为两个平台产品的独家供应商。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.