Saturday, October 16, 2021

CATL partners with BASF for EV battery material recycling - Automotive Logistics

Last updated Tuesday, September 21, 2021 04:26 ET , Source: NewsService

China currently dominates global EV battery recycling capacity, making up two-thirds of all facilities used to re-use battery materials worldwide. The primacy of the Asian market means that the majority of batteries used in other markets have to be processed in Asia.

Contemporary Amperex Technology (CATL), one of the largest global manufacturers of electric vehicle lithium-ion, has announced a strategic partnership with German chemicals firm BASF in battery materials solutions that will support recycling of batteries, and help to support CATL’s plans for the production of battery cells in Europe.

According to a CATL statement, the partnership will include working in alignment on cathode active materials (CAM) and battery recycling and develop a sustainable battery value chain, helping CATL to achieve localisation in Europe and aid both companies’ global carbon neutrality goals.

CATL is building a battery call factory in Erfurt, in eastern Germany, which will support lithium-ion battery production for OEMs in Europe. The plant, which has been under construction for two years, is expected to begin production in 2022, and to ramp up to 14 gigawatt hours (GWh) annual capacity (see more on gigafactory locations in the Automotive Logstics global database).

Through its partnership with BASF, CATL seeks to build a local battery recycling network and secure access to raw materials to improve efficiency for European customers, according to CATL chief executive Zhou Jia said.

BASF is...

Read Full Story: https://www.automotivelogistics.media/electric-vehicles/catl-partners-with-basf-for-ev-battery-material-recycling-/42297.article

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.