BASF and SVOLT announce partnership on battery development and recycling
Both parties will partner throughout their global operations with regards to cathode active materials (CAM) development, raw materials supply and battery recycling for SVOLT’s battery cells.
BASF and SVOLT have announced a significant partnership aimed at accelerating the development rate of advanced battery materials. At the same time, the collaboration between these two primary groups is supposed to boost research on battery recycling solutions on a global scale. More into details, both parties «will partner throughout their global operations with regards to cathode active materials (CAM) development, raw materials supply and battery recycling for SVOLT’s battery cells. The cooperation will also enhance the R&D capabilities for both companies in sustainable battery materials and strengthen both parties’ core competitiveness in the largest battery market, China, and globally», as reported in the official press release. The cooperation is also expected to support China’s carbon reduction target and accelerate global progress towards carbon neutrality. Both companies will also assess joint upstream resourcing to strengthen the security of raw material supply.
BASF and SVOLT: statements from the management
«The strategic partnership with SVOLT will further enhance our strong position in the fast-growing battery materials market», said Peter Schuhmacher, President, Catalysts division at BASF. «As a globally leading battery materials supplier, BASF is ideally positioned to deliver tailored high-performance cathode active materials for SVOLT’s leading cell technology».
Yang Hongxin, Chairman and CEO of SVOLT, replied: «The strategic cooperation with BASF is an important part of SVOLT’s global supply chain. This strategic cooperation will help us to complement each other’s strengths along the battery supply chain, accelerate innovation capabilities in CAM R&D, and continuously promote portfolio innovation and core competitiveness for EV batteries».
A strong position in the CAM market
BASF has established a strong position in the CAM market including a global manufacturing and R&D footprint, and a broad portfolio of mid- to high-nickel, manganese-rich, cobalt-free CAM. In Europe, BASF is introducing CAM production with an industry-leading carbon footprint through its advanced process technology. On the other hand, SVOLT, with seven R&D centers in Wuxi, Baoding, Shanghai and Shenzhen in China as well as in Japan, Korea and India, specializes in high-speed stacking technology, high-safety cobalt-free batteries, solid-state batteries, automotive-grade AI intelligent manufacturing. SVOLT has recently started testing and producing cobalt-free battery cells at its production facilities in China.
