• 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.”