China's largest power battery manufacturer Contemporary Amperex Technology (CATL) said today that it has established a strategic partnership with German chemicals firm BASF in the field of battery materials solutions.
Co-operation between the two firms will focus on battery cathode active materials (CAM) and battery recycling. The partnership is aimed at supporting both sides to achieve carbon neutrality and accelerating CATL's localisation strategy in Europe, CATL said.
CATL is building its first European production facility for lithium-ion batteries in Erfurt in the German state of Thuringia, which is part of its plan to build up a local supply chain for European consumers. The plant is expected to launch production in 2021 with 14GWh of capacity, market participants said.
"The partnership with BASF is an important step in our localisation in Europe. With CATL's innovative battery technology and BASF's expertise in the material field, we will further enhance our ability to serve global customers and accelerate our global carbon neutrality targets," CATL chief executive Zhou Jia said.
CATL aims to develop a local battery recycling network and a secure raw material supply chain to enhance its customer service capabilities in Europe through the partnership with BASF, which has a product portfolio including high-nickel, manganese-rich and cobalt-free cathode active materials with advanced technology, secure local raw material supply chain and shorter, more efficient...
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