BASF and CATL reach an agreement for the development of cathode active materials in electric vehicle batteries.
BASF and CATL Form Strategic Partnership to Advance Global Battery Market
BASF Battery Materials and Contemporary Amperex Technology Co. Limited (CATL) have announced a significant partnership aimed at supporting CATL's global business development and expanding the global battery market.
Under the framework agreement, BASF will serve as a key supplier, providing advanced and innovative cathode active materials to power lithium-ion batteries. This partnership leverages BASF's global production network, enabling localized and diversified supply to meet CATL's needs.
The collaboration will focus on developing cathode active materials that will support CATL's battery production expansion worldwide. This partnership is a continuation and deepening of a strategic partnership that started in 2021, also involving battery recycling solutions and aiming at developing a sustainable battery value chain.
BASF will bring its expertise in materials science, advanced R&D platforms, base metals sourcing and management, and battery recycling to empower CATL as a global market leader in battery technology.
Dr. Daniel Schönfelder, President of BASF’s Battery Materials division, emphasized BASF’s commitment to the global battery industry and its dedication to partnering with CATL to enhance their global footprint using innovative cathode materials.
This partnership is expected to contribute to the advancement of battery technology and is a testament to BASF Battery Materials' commitment to strategic partnerships in the battery industry. While the exact terms and duration of the partnership are not specified, it is clear that this agreement marks a significant step in the global battery market, involving a leading player like CATL.
With this partnership, both companies aim to promote scalable and sustainable battery solutions in the electromobility sector, contributing to a more sustainable future.
[1] BASF Press Release
[2] CATL Press Release
[4] Reuters Article
- The strategic partnership between BASF and CATL will extend beyond battery recycling, also targeting advancements in the finance sector, aiming to fund innovative energy solutions and technology development for the battery industry.
- Furthermore, this collaboration is projected to spur growth in various industries, including finance, energy, and technology, by fostering the creation of cutting-edge battery solutions that will power the electromobility sector.
