BERLIN, Feb. 12 (Xinhua) -- BASF is planning to construct a new production site for battery materials in the German state Brandenburg, the German chemical giant announced on Wednesday.
The new factory will produce cathode active materials (CAM) with an initial capacity enabling the supply for about 400,000 fully electric vehicles per year, according to BASF.
The production site in Brandenburg would use precursors from the BASF plant in Harjavalta, Finland. Startup of the two plants was planned for 2022, the German chemical giant noted.
"The plants in Finland and Germany will offer our customers reliable access to tailored high-nickel cathode active materials in proximity to their European manufacturing facilities," said Peter Schuhmacher, president of the catalysts division at BASF.
According to BASF, the German company would be the first CAM supplier with local production capacities in the world's three major markets, Asia, the United States and Europe.
Back in December, the European Commission approved the first large-scale European battery cell manufacturing project. It would "pave the way for the provision of funding" for five German companies, which included BASF and the German car manufacturer Opel, according to the German Ministry for Economic Affairs and Energy (BMWi).
Beside the five German companies, six other companies from members of the European Union would be funded with the aim to build up "battery value chains in Germany and Europe," BMWi noted.