On July 21st, BASF announced that it has been selected as the exclusive battery development partner by Cellforce Group, a joint venture established by Porsche and Customcells, a customized battery solution developer.
BASF’s subsidiary products are divided into six parts: chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. In 2020, its sales revenue was 59 billion euros.
BASF will provide HED NCM cathode active materials to achieve fast charging and higher energy density. The BASF factories in Harjavalta, Finland, and Schwarzheide, Germany, will supply the Cellforce Group.
The Cellforce Group’s battery plant is expected to start operation in 2024, with an initial capacity of at least 100 MWh per year, providing power for 1,000 race cars and high-performance vehicles.
To achieve the closed loop, production waste from the Cellforce Group’s battery factory will be recycled at BASF’s battery recycling prototype factory in Schwarzheide, Germany. Lithium, nickel, cobalt, and manganese will be recovered through hydrometallurgical processes and reintroduced into BASF’s cathode active material production process.
🔗 Source: BASF Official Website
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