BASF and Toda Kogyo to collaborate for cathode active materials in North America
BASF and chemicals and iron oxides manufacturer Toda Kogyo Corp have entered exclusive negotiations to collaborate in cathode active materials (CAM) and its respective precursors in North America.
This collaboration will focus on the manufacture of a wide range of CAM and its respective precursors for lithium-ion batteries for the automotive, consumer electronics and stationary storage markets.
Toda Kogyo and BASF have already collaborated in Japan through the BASF TODA Battery Materials joint venture.
BASF catalyst division president Kenneth Lane said: “This proposed collaboration builds on the already successful relationship between BASF and Toda and reinforces BASF’s commitment to the North American cathode materials market.
“We look forward to working with Toda to expand our mutually rewarding relationship, allowing us to combine our cathode materials expertise to serve the growing North American market.”
Toda Kogyo Corp chairman Tadashi Kubota said: “This proposed collaboration in North America, plus the existing collaboration in Japan, will create additional synergy effects on a global scale, allowing us to achieve this goal and will further strengthen our presence in the market.
"We will continue to provide the appropriate response to the fast growing needs of our customers and this industry.”
The new collaboration will combine the CAM businesses of the two companies in North America.
BASF will own a majority interest in the proposed collaboration.