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Energy Storage

BASF scrutinizes battery investments

by Alex Scott
July 22, 2024 | A version of this story appeared in Volume 102, Issue 22
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BASF could be about to ease back on investments in cathode materials for lithium-ion batteries given a slowdown in the adoption of electric vehicles across Europe. “Future investments are more critically reviewed and reassessed given the current market environment,” the company tells C&EN in an email. BASF operates plants for making cathode materials in China, Germany, Japan, and the US. The European battery maker Northvolt and the battery materials firm Umicore have said they are also reevaluating their investments.

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