Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. BASF SE
  6. News
  7. Summary
    BAS   DE000BASF111


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BASF : and Porsche partner to develop high-performing lithium-ion battery for electric vehicles

07/21/2021 | 03:27am EDT
  • BASF to exclusively supply high-energy HEDTM cathode active materials for Porsche's high-performance vehicles
  • BASF to recycle production waste from cell manufacturing at Cellforce Group to close the loop

BASF has been selected by Cellforce Group, a joint venture between Porsche and Customcells, as the exclusive cell development partner for its next generation lithium-ion battery. As part of the collaboration, BASF will provide high-energy HEDTM NCM cathode active materials to contribute to high-performance battery cells for fast charging and high energy density. Cellforce Group, based in Tübingen, Germany, will produce the high-performing battery. Its battery production plant is expected to start operations in 2024 with an initial capacity of at least 100 MWh per year, powering 1,000 motorsport and high-performance vehicles.

As a global leading supplier of high-performance cathode active materials with a strong R&D network, BASF is ideally positioned to work with partners to contribute to a circular economy. With its production plants for precursor cathode active materials in Harjavalta, Finland, and for cathode active materials in Schwarzheide, Germany, BASF will be able to provide battery materials with an outstanding sustainability record for both responsible and reliable sourcing of raw materials aiming for the lowest carbon footprint along the supply chain as of 2022. To close the loop, production waste from the future Cellforce Group battery plant will be recycled at BASF's prototype plant for battery recycling in Schwarzheide, Germany. Lithium, nickel, cobalt, and manganese will be recycled in a hydrometallurgical process and re-introduced into BASF's production process for cathode active materials.

'We look forward to collaborating with Porsche and the Cellforce Group to develop future high-performance batteries for electric vehicles and work together towards our common goal of sustainable mobility,' says Dr. Markus Kamieth, Member of the Board of Executive Directors of BASF SE. 'BASF's cathode active materials will be tailored to Porsche's specific needs leveraging our strong R&D capabilities. Furthermore, they will have an industry leading low CO₂ impact thanks to our efficient manufacturing process, the high share of renewable energy, the upstream integration into the key raw materials as well as the short transportation route along the value chain. With battery recycling we can ensure that valuable materials are kept in the production loop and further reduce the CO2 footprint of our cathode materials by an expected total of up to 60%.'

'As an automotive manufacturer, Porsche aims to be CO2-neutral in its overall balance sheet by 2030. In this respect, a low CO2 footprint, closed-loop recycling and sustainability are increasingly in the foreground,' says Michael Steiner, Member of the Executive Board for Research and Development at Porsche AG. 'The cooperation with BASF is a win-win situation for all parties involved. European sources for the materials nickel and cobalt, the associated security of supply and the short transport routes from Schwarzheide to Baden-Württemberg in Germany were all important arguments for the decision to work with BASF. The battery cells - especially the cathode active materials - are at the center of considerations here. We are very pleased that together with BASF we are bringing an environmentally friendly cell technology to series-production readiness.'

'With its in-depth expertise in cathode active materials, BASF supports us in a core area of cell development,' adds Markus Gräf, Managing Director of the Cellforce Group. 'The cathode active materials show very high cycle stabilities right from the start and are particularly good at fast charging. These are exactly the properties that Cellforce was looking for. BASF is also very committed to adapting the cathode active materials to the requirements of next generation silicon anodes. And in the production area, too, we have worked out a concept together with BASF on how production waste generated in the various areas can be collected and returned to closed-loop recycling. This saves costs and conserves resources as well as the environment.'

BASF Media Contact:

Media Relations:

Daniela Rechenberger
Phone: +49 151-2349 4748
Email: daniela.rechenberger@basf.com

Trade media:

Sophie Lyu
Phone: +86 21 2039-3252

Porsche Media Contact:

Hermann-Josef Stappen

Spokesperson Research and Development, Technology Communications

Phone: +49 (0)7 11/9 11-2 52 31

Mobile: +49 (0)1 70/9 11-43 40

Email: hermann-josef.stappen@porsche.de

Receive up-to-date news releases from BASF via push notification on your smartphone. Register for our news service at basf.com/pushnews.

About BASF's Catalysts Division

BASF's Catalysts division is the world's leading supplier of environmental and process catalysts. The group offers exceptional expertise in the development of technologies that protect the air we breathe, produce the fuels that power our world and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials. By leveraging our industry-leading R&D platforms, passion for innovation and deep knowledge of precious and base metals, BASF's Catalysts division develops unique, proprietary solutions that drive customer success. Further information on BASF's Catalysts division is available on the Internet at www.catalysts.basf.com.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.



BASF SE published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 07:24:39 UTC.

ę Publicnow 2021
All news about BASF SE
09/23BASF SE : Barclays remains Neutral
09/22BASF : To Build Cathode Recycling Network For Electric Car Industry
09/22BASF to boost recycling ops to secure battery materials supplies
09/22BASF : Fakuma 2021 – BASF opens up endless possibilities with a variety of sustainab..
09/22BASF SE : UBS reiterates its Buy rating
09/21BASF SE : Buy rating from DZ Bank
09/21BASF : Life Cycle Assessment demonstrates BASF's Synthetic Leather Solution Haptex« has si..
09/21BASF : Digital Farming launches free xarvio« SCOUTING chatbot service in India to aid farm..
09/21BASF : increases prices for non-ionic surfactants
09/20BASF SE english
More news
Analyst Recommendations on BASF SE
More recommendations
Sales 2021 74 763 M 87 607 M 87 607 M
Net income 2021 5 464 M 6 403 M 6 403 M
Net Debt 2021 14 264 M 16 714 M 16 714 M
P/E ratio 2021 10,5x
Yield 2021 5,32%
Capitalization 58 590 M 68 606 M 68 655 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,99x
Nbr of Employees 107 646
Free-Float 100%
Duration : Period :
BASF SE Technical Analysis Chart | BAS | DE000BASF111 | MarketScreener
Technical analysis trends BASF SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 63,79 €
Average target price 80,02 €
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
Martin BrudermŘller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial & Digital Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Anke Schńferkordt Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BASF SE-1.44%68 606
ROYAL DSM N.V.28.91%36 244