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April 3, 2014
BASF and Toda Kogyo enter negotiations to form a JV for CAMs
BASF SE (Ludwigshafen, Germany; www.basf.com) and Toda Kogyo Corp. (Tokyo, Japan; www.todakogyo.co.jp), one of the industry leaders in the development and manufacture of cathode materials for lithium-ion batteries, have announced that they will enter exclusive negotiations to form a joint venture (JV) for cathode active materials (CAMs) based in Japan.
The proposed JV will focus on the production, marketing and sales of a broad range of cathode materials including NCA (nickel cobalt aluminum oxide), LMO (lithium manganese oxide) and NCM (nickel cobalt manganese) in Japan.
These materials are used in lithium-ion batteries for the automotive, consumer electronics and stationary storage markets. Toda Kogyo and BASF would combine their respective CAM businesses, intellectual property and production assets in Japan to offer the broadest cathode materials product portfolio in the industry. BASF would have a majority ownership stake in the proposed JV.