Running discussion on SP, page-51989

Re: I wonder if both CATL and BASF will be sourcing Li from $AVZ ?

Hi Q, Hate to throw Cold Water on this Deal and that Tweet, but as you can see below, they do mention the "L" word a Lot and No it's Not Li
BASF and CATL Sign Agreement to Accelerate the Achievement of Global Carbon Neutrality


The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe.

BASF SE and Contemporary Amperex Technology Co., Limited (CATL) announced a strategic partnership on battery materials solutions, including cathode active materials (CAM) and battery recycling.

The collaboration aims at developing a sustainable battery value chain, in support of CATL’s localization in Europe and contributes to achieving both companies’ global carbon neutrality goals.

CATL is a global leader in innovative new energy technologies.

It is committed to providing premier solutions as well as services for new energy applications worldwide.

CATL has launched its project to build up its first European factory in Germany to localize lithium-ion battery production.

With this, it is accelerating the development of a local supply chain for European customers and consumers.

As the largest chemical supplier to the automotive industry, BASF has established a strong position in the CAM market including a global manufacturing and R&D footprint, and a broad portfolio of mid- to high-nickel, manganese-rich, cobalt-free CAM.

In Europe, BASF is introducing CAM production with an industry-leading carbon footprint through its advanced process technology, a secured local raw materials supply chain, a favorable energy mix for production, as well as short and effective logistics along the supply chain.

The strategic partnership with CATL allows BASF to closely work with a globally leading battery producer on CAM and battery recycling.

This cooperation will deepen BASF’s expertise and strengthen its global market position.

Through the partnership with BASF, CATL targets to improve its European service capabilities by developing a localized battery recycling network and a secure raw material supply chain in the region.

www.coatingsworld.com