BASF and CATL signed a framework agreement

BASF Europe (BASF) and CATL New Energy Technology Co.

Cooperation focus: cathode active materials and battery recycling

CATL is the world's leading new energy innovation technology company, committed to providing first-class solutions and services for global new energy applications

As the world’s largest supplier of chemicals for 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 anode active materials including medium-to-high nickel, manganese-rich, and cobalt-free cathode active materials.

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 raw material supply chain, thereby enhancing customer service capabilities in Europe

Dr.

Zhou Jia, President of CATL: "Establishing a partnership with BASF is an important step in our process of localization in Europe

BASF's catalyst business unit is a global leader in environmental technology and process catalyst business, as well as battery materials.

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CATL has nine battery production and manufacturing bases around the world.

The company attaches great importance to innovative research and development, and has invested more than 14 billion yuan in research and development