BASF and TODA KOGYO CORP. formally established BASF TODA Battery Materials LLC. The new company will provide cathode active materials (CAM) for lithium-ion batteries in Japan.
The joint venture will conduct research and development, production, as well as marketing and sales for a broad range of cathode materials, particularly NCA (nickel cobalt aluminum oxide), LMO (lithium manganese oxide) and NCM (nickel cobalt manganese), in Japan.
These materials are used in lithiumion batteries for the automotive, consumer electronics, and stationary storage markets. Internationally, the company will leverage BASF’s global network and reach to drive growth in the battery materials market which BASF has identified as a key growth field for the future.
Kenneth Lane, President of BASF’s Catalysts division, said, “BASF contributes its global strength in cathode active materials to this new venture, together with a 150year history of innovation. We are looking forward to developing the business in Japan, which is a global leader in lithiumion battery manufacturing and innovation.”