BASF's Battery Tech Investments Adjust Amid Weak Electric Car Demand
BASF is scaling back battery technology investments outside China due to decreased demand. Projects with Porsche, Eramet, and the Tarragona site are paused.
Lithium iron phosphate cells are challenging nickel-cobalt mixtures. BASF focuses on expanding cathode material capacity and securing supply contracts.
Nickel market trends and battery-grade nickel availability impact future plans. The Tarragona project waits for increased European demand and cell capacity.
Despite automakers investing in battery factories, BASF sees a decline in electric vehicle demand, with eco-conscious buyers already stocked up.
The press radar on this topic:
Electric cars: BASF hesitates with investments in battery technology | heise autos
Slump in electric cars: BASF puts battery recycling project in Spain on ice - n-tv.de
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