BASF and Toda Kogyo Corp, one of the industry leaders in the development and manufacture of cathode materials for lithium-ion batteries, have entered into exclusive negotiations to form a joint venture for cathode active materials (CAM) based in Japan. The proposed joint venture will focus on the production, marketing and sales of a broad range of cathode materials including Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO) and Nickel Cobalt Manganese (NCM) in Japan.
These materials are used in lithium-ion batteries for the automotive, consumer electronics and stationary storage markets. Toda Kogyo Corp and BASF would combine their respective CAM businesses, intellectual property and production assets in Japan to offer the broadest cathode materials product portfolio in the industry. BASF would have a majority ownership stake in the proposed joint venture.
“This proposed joint venture with Toda Kogyo Corp reinforces BASF’s commitment to explore a broad range of opportunities to accelerate our growth and expansion in the global battery materials market. We look forward to working with Toda Kogyo Corp to establish a mutually rewarding partnership, allowing us to combine our manufacturing and innovation expertise to best support our global growth ambitions,” said Kenneth Lane, President of BASF’s Catalysts division.
These materials are used in lithium-ion batteries for the automotive, consumer electronics and stationary storage markets. Toda Kogyo Corp and BASF would combine their respective CAM businesses, intellectual property and production assets in Japan to offer the broadest cathode materials product portfolio in the industry. BASF would have a majority ownership stake in the proposed joint venture.
“This proposed joint venture with Toda Kogyo Corp reinforces BASF’s commitment to explore a broad range of opportunities to accelerate our growth and expansion in the global battery materials market. We look forward to working with Toda Kogyo Corp to establish a mutually rewarding partnership, allowing us to combine our manufacturing and innovation expertise to best support our global growth ambitions,” said Kenneth Lane, President of BASF’s Catalysts division.