Issue Date: July 23, 2012
BASF Targets Battery Materials Sales Boost
BASF is targeting annual sales of more than $600 million by 2020 from chemicals for next-generation automotive batteries, such as lithium iron phosphate cathode material. BASF recently formed a battery materials business unit by merging its in-house activities with a series of acquired businesses. The company says it is on track to invest more than $100 million in the business between 2011 and 2016.
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