The German chemical company BASF and the Chinese battery cell manufacturer SVOLT have agreed on a comprehensive partnership. The two companies want to cooperate in the development of new battery materials and the supply of raw materials, as well as in recycling.
According to BASF, the partnership will “combine the strengths of both parties on cell manufacturing, cathode active materials and battery recycling to accelerate global progress towards carbon neutrality”. The collaboration is also expected to enhance both companies’ research and development capabilities in sustainable battery materials and strengthen both parties’ competitiveness in China, the largest battery market, and globally, it said.
Both companies are currently building plants to produce cathode material and battery cells in Germany. BASF’s cathode material factory is being built in Schwarzheide, Brandenburg (including a recycling pilot plant), while the battery manufacturer, which emerged from the Great Wall car group, chose Saarland for its first cell factory in Europe.
While a supply of jointly developed cathode materials produced in Schwarzheide to SVOLT seems obvious, the partnership is to go deeper, according to the BASF announcement. According to the statement, both companies “will also examine joint upstream procurement to improve the security of supply of raw materials”.
“The strategic partnership with SVOLT will further enhance our strong position in the fast-growing battery materials market,”...
Read Full Story: https://www.electrive.com/2021/10/25/basf-svolt-launch-battery-cooperation/
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