The project, which started in 2019 and is planned to be completed in 2023, is expected to create nearly 200 direct jobs.
The company’s further goal is to be among the top 3 global players in the EV battery market, aiming to produce 100GWh by 2025.
The news comes as global automakers move to secure electric vehicle batteries in anticipation of a rise in EV sales due to government subsidies and quotas worldwide seeking to cut carbon emissions.
The greenfield facility will provide a reliable supply of advanced cathode materials, a key component for lithium-ion battery cell manufacturers in the region and worldwide.
BASF has secured the construction permits to begin building the new cathode active material (CAM) plant in Schwarzheide, Germany.
With a storage capacity of 25 megawatt hours (MWh) and output of 25 MW of power, the new lithium-ion energy storage system will be the largest in France
The parties aim to foster the production and use of responsibly produced recycled raw materials in the battery market
BASF announces Schwarzheide, Germany, as location for cathode active material production in Europe
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