BASF, Svolt partner to address battery recycling, cathode active materials development

Germany-based BASF has entered into an agreement with China-based Svolt to partner throughout their global operations to develop cathode active materials (CAM), raw materials supply and battery recycling for SVOLT’s battery cells. The cooperation also will enhance the research and development (R&D) capabilities of the companies in sustainable battery materials and strengthen their core competitiveness in China and globally, according to a joint news release. The companies say they also will assess joint upstream resourcing to strengthen the security of raw material supply.

“The strategic partnership with Svolt will further enhance our strong position in the fast-growing battery materials market,” says 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, adds, “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.”