NEW YORK (ICIS)--BASF aims to become a larger player in battery materials to enable the global electric vehicle (EV) transition, the most exciting and disruptive development in the automotive industry since its creation.
“E-mobility is one of the biggest challenges for industry. It totally converts a major pillar of the [chemicals] industry – the automotive industry – in a very, very disruptive way,” said Martin Brudermuller, CEO of BASF, at a fireside chat during the ICIS Power Players Awards virtual event.
“The key for that transformation is battery materials. We should remind ourselves that a battery is nothing else than a chemical reactor,” he added.
Brudermuller is the winner of the 2021 ICIS CEO of the Year Award, having been selected by his peers among the ICIS Top 40 Power Players.
BASF is rapidly building its capabilities in cathode active materials (CAM) for automotive lithium-ion (Li-on) batteries worldwide. These materials include Nickel Cobalt Aluminum Oxide (NCA) and Nickel Cobalt Manganese Oxide (NCM).
“With the speed the transformation has on a global scale, it is a very fast growing market. So there is a huge opportunity. To my knowledge, this is by far the largest new chemical segment that is actually emerging,” said Brudermuller.
BASF has been making a flurry of deals in 2021 to strengthen its global position in battery materials.
On 16 September, BASF announced a strategic partnership on battery materials, including CAM and battery recycling, with...
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