Batteries: BASF and Shanshan establish joint venture

BASF and Shanshan Energy agreed to establish a joint venture with BASF as the majority shareholder to produce cathode materials and their precursors in China. According to the company, the joint venture will give BASF access to the Chinese market for cathode materials. Approval from the relevant authorities is still pending and the joint venture is expected to start in late summer 2021. BASF will own 51 percent of the joint venture, Shanshan the remaining 49 percent.