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BASF and Toda found battery subsidiary

Via Electrive |


The announced founding of a new subsidiary company by BASF and Toda has now been completed. BASF Toda America (BTA) will be producing and delivering NCM and NCA cathode materials for use in e-mobility.

In December it was announced that BASF and Toda would be adapting their structures to focus more on expanding their business in the USA, and would be bundling their factories in Elyria, Ohio and Battle Creek, Michigan, under the terms of a joint venture. The german company is hoping to work better with the US American market with a local production facility and more direct access to consumers.

With the founding of this joint venture, this marks the second time BASF and Toda are cooperating.


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