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BASF and CATL join forces

CATL, the global market leader in batteries, and BASF, the world’s largest chemical company, have entered into a partnership to develop and supply materials for modern batteries. The goal is also climate protection: Both companies have signed a framework agreement to achieve their respective emission neutrality targets more quickly. The cooperation involves the supply of materials for the cathode, i.e. a part inside the battery that accepts or releases electrons depending on the current flow. As an important chemical supplier to the automotive industry, BASF also has a strong position in the market for cathode materials. Another area of cooperation is the recycling of spent batteries, which will become much more important in the future (China.Table reported).

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