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.
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