CATL, BASF partners to accelerate the global carbon neutrality targets
Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) has announced a strategic partnership to address battery materials, including cathode active materials (CAM), and recycling. The cooperation is aimed at developing a sustainable value chain and supporting the location of CATL in Europe and contributes to the achievement of the global goals of both companies in the field of carbon neutrality.
Through its partnership with BASF, CATL seeks to improve its European service capacity by creating a local battery recycling network and a secure raw material supply chain in the region.
The strategic partnership with CATL enables BASF to work closely with the world's leading battery manufacturer in the field of cathode active materials and battery recycling. This collaboration will deepen BASF's expertise and strengthen its position in the global market.
"Partnering with BASF is another important step on our path to localization in Europe," said Zhou Jia, President of CATL. worldwide and accelerate the global drive for carbon neutrality. "
"The transformation to electromobility requires strong partnerships throughout the value chain," said Dr. Markus Kamieth, a member of BASF's board of directors. and creating a sustainable value chain for batteries worldwide. "