BASF Shanshan establishes battery materials joint venture in China

The picture shows the second phase of the Changsha base under construction

In the new network News August 31, BASF and Shanshangufen jointly set up a joint venture - BASF Shanshan Battery Materials Co.
, Ltd
.
The new company will be majority-owned by BASF, with BASF holding 51% and Shanshan holding 49%

It is understood that the newly established joint venture company has 4 bases in Hunan and Ningxia, China.
Its business covers raw materials, cathode material precursors (PCAM), cathode active materials (CAM) and battery recycling, and has a dominant market position in the battery material industry.
It is planned to achieve an annual production capacity of 90,000 tons in 2022
.

BASF will inject strong technology and R&D capabilities, global operational layout, and a raw material supply system built with strategic partners into the cooperation between the two parties; Shanshan will inject extensive industry experience, comprehensive product portfolio and leading mass production capabilities into the joint venture.
The joint venture company will mainly focus on the fast-growing electric vehicle (EV) market and continue to serve the global consumer electronics and energy storage markets
.

BASF continues to deploy globally, focus on being close to customers, strengthen its product portfolio, and ensure a sustainable supply of raw materials
.
With the successful completion of this transaction, BASF has achieved an important step in the implementation of its strategic roadmap: establishing a global battery material value chain, and achieving a global production capacity of 160,000 tons by 2022

Kelly, member of the executive board of BASF Europe, said: "This investment in the Chinese market is our ideal layout in the world's largest battery market
.
Our market advantage in China will further accelerate our growth in the global battery materials market