BASF, Porsche to develop high-performing lithium-ion batteries
Reuters
Published Jul 21, 2021 03:38AM ET
BERLIN (Reuters) - Germany's BASF said on Wednesday it has been chosen as the exclusive partner to develop high-performing lithium-ion batteries for electric vehicles with Cellforce Group, a joint venture between Porsche and Customcells.
As part of the collaboration, BASF will provide materials for high-performance battery cells for fast charging and high energy density. Cellforce Group will produce the high-performing battery.
Sources told Reuters last month that Volkswagen (DE:VOWG_p) was seeking closer ties with Germany's BASF, one of the world's largest suppliers of battery materials."
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Written By: Reuters
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