BASF Toda Battery Materials (BTBM) delivered the first batch of nickel-cobalt-manganese cathode active materials for use in electric vehicle (EV) batteries, the company said on Dec. 19.
The company, a joint venture between BASF and Toda Kogyo Corp., supplied the product to Prime Planet Energy & Solutions (PPES), a partnership between Toyota Motor Corp. and Panasonic.
BTBM produced the first batch at its Sanyo-Onoda, Japan, site, one of the world’s largest calcination facilities for cathode active materials, according to BASF. BASF is further advancing its already announced expansion project at the Onoda site, which is planned to start production in the second half of 2024. Through the expansion, the annual cathode active materials supply will be increased to up to 45 GWh cell capacity per year.
BTBM formed in 2015 as a BASF-majority owned joint venture to build up production capacity for the rapidly evolving cathode active materials market.