BASF and TODA KOGYO will further expand the production capacity of BASF TODA Battery Materials LLC at the Onoda site in Japan. BTBM is a BASF majority-owned joint venture with TODA formed in 2015 (BASF 66%; TODA 34%). Construction for the new capacity at the Onoda site will start in Q4 2022 and commercial production is planned for the second half of 2024. BTBM’s annual capacity for high nickel cathode active materials (CAM) will achieve up to 60,000 tons by 2025.The new expansion project has been selected by the Ministry of Economy, Trade and Industry as a “Program for Promoting Investment in Japan to Strengthen Supply Chains” and has been granted subsidies.
BASF and TODA KOGYO will further expand the production capacity of BASF TODA Battery Materials LLC at the Onoda site in Japan. BTBM is a BASF majority-owned joint venture with TODA formed in 2015 (BASF 66%; TODA 34%). Construction for the new capacity at the Onoda site will start in Q4 2022 and commercial production is planned for the second half of 2024. BTBM’s annual capacity for high nickel cathode active materials (CAM) will achieve up to 60,000 tons by 2025.The new expansion project has been selected by the Ministry of Economy, Trade and Industry as a “Program for Promoting Investment in Japan to Strengthen Supply Chains” and has been granted subsidies.