The cooperation is focused on cathode active materials and battery recycling
The partnership supports both companies' commitment to global carbon neutrality and CATL's localization strategy in Europe
NINGDE, China, Sept. 16, 2021 /PRNewswire/ -- Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) announced a strategic partnership on battery materials solutions, including cathode active materials (CAM) and battery recycling. The collaboration aims at developing a sustainable battery value chain, in support of CATL's localization in Europe and contributes to achieving both companies' global carbon neutrality goals.
CATL is a global leader in innovative new energy technologies. It is committed to providing premier solutions as well as services for new energy applications worldwide. CATL has launched its project to build up its first European factory in Germany to localize lithium-ion battery production. With this, it is accelerating the development of a local supply chain for European customers and consumers.
As the largest chemical supplier to the automotive industry, BASF has established a strong position in the CAM market including a global manufacturing and R&D footprint, and a broad portfolio of mid- to high-nickel, manganese-rich, cobalt-free CAM. In Europe, BASF is introducing CAM production with an industry-leading carbon footprint through its advanced process technology, a secured local raw materials supply chain, a favorable energy mix for...
Read Full Story: https://finance.yahoo.com/news/catl-basf-signed-framework-agreement-070000272.html
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