BASF Creates New Global Business Unit to Advance Battery Activities for Electromobility
In recognition of the significant growth opportunity associated with the global battery marketplace, BASF is creating a new global business unit that will bring together its current and future battery-related electromobility activities – BASF.com.
As part of this transition, a new global business unit "Battery Materials" will be formed, effective January 1, 2012. This business unit will integrate the existing battery activities of BASF’s Catalysts division, which is focused on cathode materials development; its Intermediates division, which is focused on electrolyte formulations, and BASF Future Business GmbH, which is focused on next-generation lithium battery opportunities. This operating consolidation will take place throughout the first half of 2012, leveraging the collaborative efforts of each of these business teams to ensure a seamless migration for BASF and its market constituents.