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BASF Shanshan Battery Materials Co., Ltd. (BSBM)
Xi inspected BASF Shanshan Battery Materials Co., Ltd. in Changsha on the afternoon of March 18, 2024. The company is a Chinese-German joint venture mainly in the business of research in and development, manufacturing, and sales of anode materials for lithium-ion batteries. Xi listened to the locality's briefing on the progress of developing new quality productive forces at a faster pace and expanding high-level opening up, watched the product display of the company, and learned about the performance test of the materials and the battery production process. Xi stressed that the key to enterprises' consistent growth and success lies in scientific and technological innovation and high-quality development, and private enterprises and joint ventures have great potentials to tap in this regard. "China will keep opening its door wider. We would like to strengthen exchanges and cooperation with other countries and we welcome more foreign companies to invest and develop in China," Xi said.
BASF Shanshan Battery Materials Co., Ltd. (BASF Shanshan) is the joint venture formed by BASF and Shanshan in 2021 (BASF 51% and Shanshan 49%). It is one of the global leading lithium battery materials suppliers. The company was firstly founded by Shanshan in 2003.
BASF Shanshan has built up mature business. Its business scope covers raw materials sourcing, production of precursor cathode active materials (PCAM) and cathode active materials (CAM), as well as battery recycling. It's already in a leading position in China market.
BASF brings strong technology and development capabilities, a global operations footprint, as well as strategic partnerships for raw materials supply, while Shanshan contributes its extensive experience, comprehensive product portfolio and leading scale-up capability. Together, BASF and Shanshan will drive the joint venture's continuous growth in China with the planned annual CAM capacity of 90 kilotons by 2022.
The strength of the joint venture has been further enhanced after its formation. While continuing to expand its presence in the China market, BASF Shanshan will also serve the growing global battery material market. It will primarily focus on the rapidly growing electric vehicle (EV) market, and continuously providing first-class products for the global consumer electronic and energy storage segments.
Source: Ecns; Official Website of BASF Shanshan
BASF Shanshan has built up mature business. Its business scope covers raw materials sourcing, production of precursor cathode active materials (PCAM) and cathode active materials (CAM), as well as battery recycling. It's already in a leading position in China market.
BASF brings strong technology and development capabilities, a global operations footprint, as well as strategic partnerships for raw materials supply, while Shanshan contributes its extensive experience, comprehensive product portfolio and leading scale-up capability. Together, BASF and Shanshan will drive the joint venture's continuous growth in China with the planned annual CAM capacity of 90 kilotons by 2022.
The strength of the joint venture has been further enhanced after its formation. While continuing to expand its presence in the China market, BASF Shanshan will also serve the growing global battery material market. It will primarily focus on the rapidly growing electric vehicle (EV) market, and continuously providing first-class products for the global consumer electronic and energy storage segments.
Source: Ecns; Official Website of BASF Shanshan