BASF and CATL sign framework agreement to accelerate global carbon neutrality goals

Cooperation between the two parties focuses on cathode active materials and battery recycling

Partnership will support both parties in reaching carbon neutrality goals and CATL's localization strategy in Europe

BASF Europe (hereinafter referred to as "BASF") and CATL New Energy Technology Co.
, Ltd.
(hereinafter referred to as CATL) announced the establishment of a strategic partnership in the field of battery material solutions
.
The collaboration includes cathode active material (CAM) and battery recycling, and aims to develop a sustainable battery value chain to drive CATL's localization in Europe and help achieve global carbon neutrality goals
.

CATL is a world-leading new energy innovation technology company dedicated to providing first-class solutions and services for global new energy applications
.
The first European factory of CATL is under construction in Germany, aiming to realize the localized production of lithium-ion batteries, which indicates that CATL is accelerating the pace of building a local supply chain for European customers and consumers
.

As the world's largest chemical supplier to the automotive industry, BASF has established a strong market advantage in the field of cathode active materials, with manufacturing and R&D footprints all over the world, and has a wide range of cathode active materials including medium and high nickel, manganese-rich, and cobalt-free cathode active materials.
product mix
.
In Europe, BASF's cathode material production will achieve industry-leading carbon emissions thanks to its advanced process technology, the use of an optimized clean energy mix in the production process, a guaranteed local raw material supply chain, and a shorter and more efficient supply chain logistics footprint
.

The strategic cooperation with CATL will enable BASF to cooperate closely with the world's leading battery suppliers in the field of cathode materials and battery recycling, which will further deepen BASF's professional accumulation and strengthen its global market position
.

Through cooperation with BASF, CATL will form a localized battery recycling network and create a guaranteed supply chain of raw materials, thereby enhancing its customer service capabilities in Europe
.

Dr.
Kerry, Member of the Executive Board of BASF Europe, said: "The transition to e-mobility requires strong partnerships across the entire value chain
.
Combining BASF's leading position in the global cathode active materials market and CATL's expertise in lithium-ion batteries With strong technical expertise, we will accelerate innovation and accelerate the formation of a sustainable battery value chain on a global scale
.
"

Zhou Jia, President of CATL, said: "The partnership with BASF is an important step in our localization process in Europe
.
With CATL's innovative battery technology and BASF's deep expertise in materials, we will further enhance our global services.
customers’ ability to accelerate the achievement of global carbon neutrality goals
.
”