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 51% and Shanshan 49%. The newly formed company has four sites in Hunan and Ningxia, China, with more than 1,600 employees. It already has a strong position in the battery materials value chain including raw materials, Precursor Cathode Active Materials, Cathode Active Materialsand battery recycling.BASF brings strong technology and development capabilities, a global operations footprint, as well as strategic partnerships for raw materials supply. Together with Shanshan’s extensive experience, comprehensive product portfolio and leading scale-up capability, the joint venture will primarily focus on the rapidly growing electric vehicle (market, while continuously serving global consumer electronic and energy storage segments.BASF and Shanshan will together drive the joint venture’s continuous growth in China with the planned annual CAM capacity of 90 kilotons by 2022.
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 51% and Shanshan 49%. The newly formed company has four sites in Hunan and Ningxia, China, with more than 1,600 employees. It already has a strong position in the battery materials value chain including raw materials, Precursor Cathode Active Materials, Cathode Active Materialsand battery recycling.BASF brings strong technology and development capabilities, a global operations footprint, as well as strategic partnerships for raw materials supply. Together with Shanshan’s extensive experience, comprehensive product portfolio and leading scale-up capability, the joint venture will primarily focus on the rapidly growing electric vehicle (market, while continuously serving global consumer electronic and energy storage segments.BASF and Shanshan will together drive the joint venture’s continuous growth in China with the planned annual CAM capacity of 90 kilotons by 2022.
