BASF and TODA KOGYO further enhance their collaboration. BASF TODA Battery Materials LLC (BTBM) is a joint venture between BASF and TODA established as a BASF-majority owned joint venture in 2015. BTBM has tripled its high nickel Cathode Active Materials (CAMs) capacity at its Onoda site in Japan. These materials are used in lithium-ion batteries for the automotive, consumer electronics, and stationary storage markets. With this expansion, BTBM is operating the world’s largest calcination facility for already qualified high nickel CAMs.

Furthermore, both parties announced their plan to collaborate in the United States. Manufacturing facilities in Elyria, Ohio, and Battle Creek, Michigan, will be combined to form BASF Toda America LLC (BTA). This new entity will be majority owned and controlled by BASF.

• BASF SE, Ludwigshafen, Germany

• TODA KOGYO CORP., Tokyo, Japan