• Both parties will cooperate on advanced and innovative cathode active material

• BASF will support CATL through its global production network

BASF and Contemporary Amperex Technology Co., Ltd. (CATL) have signed a framework agreement for cathode active materials. Under the agreement, BASF will cooperate with CATL on a global scale.

CATL has selected BASF as its important supplier. BASF will support CATL's global layout through its global production network.

¡°We are proud to work with CATL, a global market leader in battery technology. Our diversified and local production footprint for innovative cathode materials will support CATL¡¯s global business development,¡± said Dr. Daniel Schönfelder, President of BASF¡¯s Battery Materials division. ¡°We are committed to the global battery industry and continue leveraging partnerships like the one between CATL and BASF Battery Materials.¡±