BASF specializes in high-performance cathode active materials (CAM) for lithium-ion batteries, including nickel-cobalt-manganese oxide (NCM) and nickel-cobalt-aluminum oxide (NCA), enhancing energy density, safety, and battery longevity. They explore next-generation battery solutions like solid-state batteries and lithium-metal anodes via their Licerion® technology with Sion Power. BASF is also involved in sodium-sulfur battery tech partnering with NGK, and operates a prototype battery recycling plant in Schwarzheide, Germany, using hydrometallurgical processes to recover lithium, nickel, and cobalt.
BASF produces high-performance cathode active materials for lithium-ion batteries such as NCM and NCA cathode materials that support fast charging and high energy output for electric vehicles and energy storage systems. Their Licerion® technology aims to improve energy density and safety in advanced battery systems. They also provide materials for sodium-sulfur batteries and support battery recycling technologies.
In 2024, BASF expanded battery materials production capacities in Schwarzheide, Germany, and Harjavalta, Finland, targeting sustainable low-carbon footprint cathode materials. They partnered with the Cellforce Group, a joint venture between Porsche and Customcells, to develop high-performance battery cells for motorsport and high-performance vehicles with an initial 100 MWh/year production capacity focused on enhanced energy density and fast charging.
BASF’s shareholding is distributed among private investors in Germany (46.0%), institutional investors in the US and Canada (19.0%), institutional investors in the UK, Ireland and other parts of Europe (17.0%), and various investors across the Asia-Pacific region. BASF Venture Capital, the company’s corporate venture arm with a €250M fund, invests in startups focused on decarbonization, circular-economy solutions and advanced materials across sectors such as AgTech and digitization.
