1. BASF plans to become world leader in battery materials

    BASF plans to become world leader in battery materials

    BASF has acquired the US companies Ovonic Battery, a producer of nickel-metal hydride batteries and Novolyte Technologies, a manufacturer of electrolyte formulations for lithium-ion batteries. BASF also bought Merck's electrolyte activities, and concluded a license agreement to acquire the lithium iron phosphate technology (LFP) of LiFePO4+C Licensing AG.  It has also worked with rechargeable battery specialist Sion Power

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