BASF and Toda further strengthen collaboration in cathode materials for future e-mobility
BASF and Toda Kogyo Corp. have further enhanced their collaboration by tripling high nickel Cathode Active Materials (CAMs) capacity of BASF Toda Battery Materials LLC (BTBM), a joint venture (JV) between BASF and Toda in Onoda, Japan.
BTBM was established as a BASF-majority owned JV in 2015. With the completion of this expansion, it is now operating the world’s largest calcination facility for already qualified high nickel CAMs
The two parties will also join hand in the US, combining the manufacturing facilities in Elyria, Ohio, and Battle Creek, Michigan, to form BASF Toda America LLC (BTA). This new entity, majority owned and controlled by BASF, will support high energy CAMs in the fast-growing North American e-mobility market.
“BASF and Toda anticipate the fast-growing market needs in e-mobility. The further collaboration in North America supports BASF’s strategy to be a global leader in the cathode materials market and reinforces BASF’s commitment to explore a broad range of opportunities to accelerate our growth and expansion in battery materials,” said Kenneth Lane, President of BASF’s Catalysts division.
Tadashi Kubota, Chairman of Toda Kogyo Corp, added, “The success of BTBM is purely led by the integration of an unparalleled technology of Toda and the global market presence of BASF. We are continuously making developments together to achieve a profitable business which is demonstrated by a strong relationship and trust that has been built overtime. We are confident to realize further business success together in the battery materials market through our collaboration both in Japan and in the United States.”
Source: CPRJ Editorial Team