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Business

BASF, Toda Kogyo plan cathode venture

by Alex Scott
August 21, 2016 | A version of this story appeared in Volume 94, Issue 33
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BASF and Japan’s Toda Kogyo are negotiating to form a joint venture in lithium-ion battery cathode materials for auto and other applications in North America. The companies also plan to develop precursors for the materials. BASF will have a majority stake in the venture, which will be similar to one the firms already operate in Japan. The automotive lithium-ion battery market is set to grow by more than 30% annually in the next few years, BASF says.

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