Shanghai (ZXZC)- Chinese power battery manufacturer SVOLT and Germany-based chemical company BASF have entered into an agreement under which the duo will team up on their global operations regarding cathode active materials (CAM) development, raw materials supply, and battery recycling, BASF announced on Oct. 25 via its WeChat account.

SVOLT, BASF signing agreement; photo credit: SVOLT

The collaboration is expected to help both parties improve their R&D capabilities in sustainable battery materials and shore up their core competitiveness in China, and globally.

To consolidate the security and stability of raw material supply, the two companies will also evaluate the collaboration on joint upstream resourcing.

“The newly-formed partnership with BASF is an important part of SVOLT's global supply chain,” said Yang Hongxin, Chairman and CEO of SVOLT. “It will help us to complement each other's strengths along the battery supply chain, accelerate innovation capabilities in CAM R&D, and continuously promote portfolio innovation and core competitiveness for EV batteries,” he added.

As the world's largest chemical supplier to the automotive industry, BASF boasts the leadership in in the CAM market with a wide global production and R&D footprint and an abundant product portfolio that include mid- to high-nickel, manganese-rich, and cobalt-free CAM.

SVOLT has launched seven R&D hubs in Japan, South Korea, India and China’s Wuxi, Baoding, Shanghai, and Shenzhen. Its unique technologies like high-speed stacking technology, high-safety cobalt-free batteries, solid-state batteries, automotive-grade AI intelligent manufacturing all reach world's leading level.