BASF Looks to Become a Top 3 Supplier of Automotive Battery Materials By 2020

MAR 23 2014 BY ERIC LOVEDAY 8

Back in 2010, BASF Broke Ground on What it Called North America's Largest Lithium-IOn Cathode Production Facility

Back in 2010, BASF Broke Ground on What it Called North America’s Largest Lithium-Ion Cathode Production Facility

Headquartered in Germany, BASF is looking to enter the Top 3 list of suppliers for automotive battery materials by 2020.  If BASF achieves this, then it’ll break into a segment dominated by Japanese and Korean firms.

BASF Specializes in Chemicals - The Heart and Soul of Lithium-Ion Batteries

BASF Specializes in Chemicals – The Heart and Soul of Lithium-Ion Batteries

As Automotive News reports:

“The German company is betting customers will flock to electric cars, using its chemical products to create a battery that will enable vehicles to run longer. BASF, with an annual 1.7 billion-euro ($2.3 billion) research budget, has made battery materials one of 10 areas it’s targeting for growth.”

BASF is widely known as a world leader in chemicals.  The German firm hopes to put this expertise to use in developing battery specific components.

According to Automotive News:

“To kick-start its electric-car battery business, BASF has bought four companies, set up a nickel cobalt manganese production plant in the U.S. and bought licenses from Mitsubishi Chemical. The company’s sales of battery materials should rise to as much as 500 million euros by the end of the decade from about 100 million euros now, BASF predicts.”

Europe’s battery makers have largely gone belly up.  The scene is dominated by Mitsubishi Chemical, Sumitomo Chemical, Ube Industries, LG Chem and so on.  All of which are based in Asia.

Will BASF be able to beat out Asian rivals for a Top 3 spot?  BASF certainly has the chemical expertise, but in general, European firms have failed to be able to compete with Asian rivals in one area: price.

Source: Automotive News

Categories: Battery Tech, General

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8 Comments on "BASF Looks to Become a Top 3 Supplier of Automotive Battery Materials By 2020"

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They should have started this 10 years ago. The Germans have really been foot-draggers when it comes to EVs. In part it is understandable given their strength with ICE technology. But in part you’d think they would have moved forward fast considering their Energiewende.

+1

The germans, like the americans, are not a collective…

Hasn’t BASF bought the Ovonics NiMh-Patents from Chevron (former EV1 batteries) a year ago?

If they did, there must be some unknown reason for purchasing a patent to outdated technology.

BASF acquires Ovonic Battery Company, the global leader in NiMH battery technology
ISELIN, NJ, February 14, 2012
http://www.catalysts.basf.com/p02/USWeb-Internet/catalysts/en/content/microsites/catalysts/news/news146

Ah, it has been two years already, thanks scott.

I hope they do something with it and didn’t just bought it to eliminate potential competition. NiMH is still great in small AA or AAA rechargeable batteries. And there could still be a market for cheap EV-batts at 80$/kwh and let’s say 80wh/kg.

If BASF really comes up with battery tech that “will enable vehicles to run longer” the sky is the limit. If not, it’s just another competitor. BASF is into litium sulphur research and works with Sion Power on the elusive lithium air technology. Maybe this ambitious talk suggests something is about to come to fruition?