Abstract
BASF is forming a joint venture with the Chinese lithium-ion battery materials supplier Ningbo Shanshan to bolster the German company’s sales of battery cathode active materials and precursors in China. BASF, which will own 51% of the venture, is on course to produce 160,000 metric tons (t) of cathode materials annually by 2022, with further expansions underway. Shanshan will have battery material capacity of 90,000 t by 2022. China is the world’s largest market for lithium-ion batteries.
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