BASF to Form Battery Materials Joint Venture in China
20 Mayo 2021 - 6:50AM
Noticias Dow Jones
By Giulia Petroni
BASF SE said Thursday that it has agreed to form a joint venture
with lithium-ion battery materials supplier Ningbo Shanshan Co.
Ltd. to serve the battery materials market in China.
The German chemicals company said the JV would produce cathode
active materials and precursors in the country. BASF will hold a
51% share of the venture, with Shanshan owning the remaining
49%.
The transaction is expected to close later this summer,
following approvals from relevant authorities.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 20, 2021 07:35 ET (11:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
BASF (TG:BAS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
BASF (TG:BAS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
