BUSINESS CATL signs battery framework agreement with BASF

BUSINESS

CATL signs battery framework agreement with BASF

China Daily

17:27, September 16, 2021

China's leading battery maker, Contemporary Amperex Technology Co Ltd, has signed a framework agreement with German chemical giant BASF on battery materials solutions, including cathode active materials and battery recycling.

A technician of Contemporary Amperex Technology Co Ltd checks an electric vehicle battery at the company's plant in Ningde, Fujian province. (Photo: Xinhua)

The collaboration aims at developing a sustainable battery value chain in support of CATL's localization in Europe and contributes to achieving both companies' global carbon neutrality goals, CATL said.

"The partnership with BASF is another important step for our localization journey in Europe," said Zhou Jia, president of CATL.

"With CATL's innovative battery technology and BASF's deep materials expertise, we will further enhance our capability to support our worldwide customers and accelerate the global drive toward carbon neutrality."

As a global leader in new energy technologies, CATL is committed to providing premier solutions as well as services for new energy applications worldwide. The company has launched its project to build up its first European factory in Germany to localize lithium-ion battery production, accelerating the development of a local supply chain for European customers and consumers.

Through the partnership with BASF, CATL aims to improve its European service capabilities by developing a localized battery recycling network and a secure raw material supply chain in the region.

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