BASF, Toda Kogyo in Talks to Expand Cathode Battery Partnership to N. America
German chemical giant BASF SE and Toda Kogyo Corp. have begun negotiations to combine their cathode active materials (CAM) businesses for lithium-ion batteries in North America.
The companies launched a similar joint venture, called BASF Toda Battery Materials LLC, last year in Japan. As with that company, BASF would have a majority ownership stake in the proposed North American collaboration, according to the partners.
The new venture would produce a range of CAM and related materials in North America for use in lithium-ion batteries for the automotive, consumer electronics and stationary storage markets.
BASF opened a CAM facility in Ohio in 2012. The company licenses nickel-cobalt-manganese technology developed by Argonne National Laboratory and lithium-iron-phosphate technology from Switzerland-based LiFePO4+C Licensing AG.
Toda Kogyo specializes in a “wet synthesis” metal-oxide process. It uses the technique to make lithium-cobaltate, lithium-nickel oxide and lithium-manganate materials.
Lithium-ion batteries have become the technology of choice for EVs, and falling costs and rising energy levels could keep them on top for nearly two decades.
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