BASF's global battery materials business unit recently announced that it has signed a technology licensing agreement with LiFePO4+C Licensing AG, a subsidiary of the Clariant Group in Muttenz, Switzerland, to obtain global production and sales rights for lithium iron phosphate (LFP) battery materials. As a result, BASF became the only company in the world to have both the Algon National Laboratory and LiFePO4+C authorized to manufacture and sell lithium-ion battery (LiB) materials.
It is reported that BASF plans to expand its LFP production capacity in the next few years to complement its nickel-cobalt-manganese cathode material business, making it a global leader in the supply of functional materials and components for single cells/batteries.
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