BASF To Form Lithium-Ion Cathode Joint Venture With Toda Kogyo in Japan
BASF is getting seriously involved with the lithium-ion battery industry.
BASF’s latest move is the formation of a joint venture with Toda Kogyo, one of the industry leaders in the development and manufacture of cathode materials for lithium-ion batteries. Toda Kogyo is an Argonne National Laboratories licensee.
The joint venture’s focus is on the production, marketing and sales of cathode materials including Nickel Cobalt Aluminum Oxide, Lithium Manganese Oxide and Nickel Cobalt Manganese.
All work will take place in Japan.
Kenneth Lane, president of BASF’s catalysts division, stated:
“This proposed joint venture with Toda Kogyo Corp. reinforces BASF’s commitment to explore a broad range of opportunities to accelerate our growth and expansion in the global battery materials market.”
BASF’s end goal is to become one of the top three suppliers of materials for lithium-ion batteries in the world.
Beyond the chemistries listed above, BASF is also working with Sion Power to develop lithium-sulfur technology. So, it seems BASF has one foot in everything related to lithium batteries.