Shanghai (ZXZC)- On July 6, 2023, Chinese power battery supplier Gotion High-Tech signed a strategic cooperation MoU (memorandum of understanding) with BASF, aiming to further enhance cooperation in the field of material science by leveraging their respective technological strengths and jointly promoting material innovation and technological advancement in the field of power batteries, according to a press release from Gotion High-Tech.

Photo credit: Gotion High-Tech

Under the MoU, Gotion High-Tech and BASF will expand their cooperation beyond the existing foundation, jointly developing and promoting the application of relevant chemical materials in the battery field with their strong core technologies. Through this deepened cooperation, both parties expect to drive technological innovation in the battery industry and advance the field of material science.

Dr. Jeff Lou, President and Chairman of BASF Greater China, said: The power battery industry is one of BASF's key focuses. BASF provides a comprehensive product portfolio for power batteries, including solutions for battery pack lightweighting, battery cathode and anode chemicals, and various binders for battery cells. There is still a lot of room for cooperation between BASF and Gotion High-Tech. We hope that both parties can continue to maintain innovative exchanges, explore new technological applications, and promote the development of the new energy vehicle battery industry.

Li Zhen, Chairman of Gotion High-Tech, said: BASF is a leading global company in the chemical and materials field, while Gotion High-Tech is a technology-focused enterprise specializing in battery R&D and production. After a century of development and iteration, battery technology has continuously improved, the market has expanded, and the global new energy vehicle industry is facing new opportunities and breakthroughs. Based on this, we believe that the cooperation space between the two parties will continue to grow. Through this collaboration, we hope to conduct innovative research and cooperation in materials and jointly build an energy science system based on material science and digital science.