Converting News
BASF intensifies research and development of innovative products for sustainable electromobility
Energy 07/08 2011 13:05
2011-07-07
P-11-339
-Expansion of activities for batteries broadens portfolio of innovative materials
-Lightweight construction and heat management components further increase driving range of electric cars
-Solutions for regenerative electricity generation and energy storage technologies enable sustainable and climate-friendly electromobility
Ludwigshafen, Germany – July 7, 2011 – Batteries are the key technology for the electromobility of the future. Over the next five years, BASF will be investing a three-digit million euro sum in researching, developing and the production of battery materials. Part of the investment is being channeled into the construction of a production plant for advanced cathode materials in Elyria, Ohio. This new facility with an investment volume of more than $50 million is scheduled to supply the market with cathode materials for the production of high-performance lithium-ion batteries from mid-2012. » Read More