CATL, BASF to team up on battery material solutions
Shanghai (Gasgoo)- Chinese power battery giant CATL announced on Sept. 16 the strategic partnership it formed with the Germany-based chemical company BASF on battery material solutions, including cathode active materials (CAM) and battery recycling.
CATL's headquarters in Ningde; photo credit: BASF
The collaboration aims at developing a battery value chain capable of sustainable development, said CATL. It also supports CATL's localization progress in Europe and helps both parties achieve the goal of carbon neutrality.
As a world's leading new energy innovative technology company, CATL is dedicated to providing best-in-class solutions for global new energy applications. It has launched the project to build in Germany its first European factory, whose construction is underway. Through building the overseas factory, CATL is expediting the development of a local supply chain for European clients and consumers.
As the world's largest chemicals supplier for automotive industry, BASF has established a strong position in the CAM field with its manufacturing and R&D footprints around the world. Its broad product portfolio includes high-nickel, manganese-rich and cobalt-free CAM materials.
By virtue of the collaboration with BASF, CATL will form a local battery recycle network and guaranteed raw material supply chain, so as to improve its ability to serve European clients, said the battery manufacturer.
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