BASF Building Battery Materials Plant in Germany

Date : 02/12/2020 @ 11:03AM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 43.145  0.69 (1.63%) @ 4:35PM
BASF share price Chart

BASF Building Battery Materials Plant in Germany

BASF (XE:BAS)
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2 Months : From Jan 2020 to Mar 2020

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   By Kim Richters 
 

BASF SE said Wednesday that it is building a plant for the production of battery materials for electric vehicles at its location in Schwarzheide, Germany.

The German chemicals conglomerate said the plant will produce cathode active materials and will have an initial capacity to supply around 400,000 electric vehicles a year with battery materials.

Operations at the plant will start in 2022, the company said, without giving financial details for the project.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

February 12, 2020 05:48 ET (10:48 GMT)

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