The new joint venture will focus on the rapidly growing electric vehicle segment in the world’s largest battery materials market China
The combined technology expertise and market access will provide superior customer value, rapid innovation and cost competitiveness
BASF advances its strategic roadmap towards a compelling global supply chain for battery cell manufacturers and OEMs in all key markets
Ludwigshafen/Germany and Shanghai/China, August 31, 2021 – Following the approval of all relevant authorities, BASF and Shanshan have formed the joint venture “BASF Shanshan Battery Materials Co., Ltd.”. The new entity will be majority owned by BASF (BASF 51% and Shanshan 49%).
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