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BASF and SK On Partner for Global Lithium-Ion Battery Collaboration

BASF

BASF and SK On have forged an agreement to collectively assess collaboration prospects in the North American and Asia-Pacific

BASF and SK On have forged an agreement to collectively assess collaboration prospects in the North American and Asia-Pacific regions within the global lithium-ion battery market. This partnership leverages robust business and product development capabilities to pioneer cutting-edge battery materials for lithium-ion batteries.

Initially, BASF and SK On will focus on evaluating collaboration options for cathode active materials (CAM) production. Further details on the collaboration will be revealed at a later stage.

Additional collaboration opportunities along the battery materials value chain will be evaluated subsequently, including battery recycling. By leveraging their respective expertise, BASF and SK On aim to develop innovative solutions to support their strong growth ambitions.

Sustainability plays a key role for both companies in line with the principles of the “Value Balancing Alliance,” which is working on a global standard for measuring a company’s social, economic, and environmental contribution and translating environmental and social impacts into comparable financial data.

“With the collaboration with SK On, we are further strengthening our market position to serve battery manufacturers and electric vehicle producers around the world.” said Dr. Peter Schuhmacher, President of BASF’s Catalysts division, who is also responsible for the company’s battery materials and battery recycling business. “We want to address the need for more sustainable solutions for the electric vehicle industry.  And we are ready to work with our customers and partners in all regions to make this a reality.”

“The collaboration with BASF is part of our efforts to bolster battery materials supply chain,” said Jee Dong-seob, President and Chief Executive Officer of SK On. “We look forward to expand our partnership to lead the global EV battery market.”

SOURCE: BASF

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