By on February 25, 2014

BASF BMW M1 Procar

Though some electric vehicles have seen their share of woes, from fires in individual cars to bankruptcies filed by manufacturers, German chemical maker BASF is going in for the long game by investing in the EV battery market.

Bloomberg reports the world’s largest chemical maker will use a part of its annual $2.3 billion R&D budget on battery materials — one of 10 areas targeted for growth by BASF — in the pursuit of a better battery that will help EVs run longer. Company head of global business management for BASF’s battery materials unit Adrian Steinmetz says his employer is committee to making the battery materials focus a success, noting that newer and safer batteries with a higher capacity will prove beneficial to the overall EV market:

The battery can only be as good as the chemistry inside. It’s a very technically demanding field and you really need to understand the whole interplay between different chemical compounds.

To accomplish this goal, BASF has bought four companies, established a nickel cobalt manganese plant in the United States, and bought patent licenses from rival Mitsubishi Chemical Holdings Corp, one of three market leaders — the others being Sumitomo Chemical and Ube Industries — whose dominance over lithium-ion technology, aided by proximity to related tech industries, reigns supreme.

By 2020, BASF aims to be one of the top three battery materials suppliers, pushing overall market valuation to $20 billion in the same time frame. Part of this plan includes taking the fight to the home turf of their Asian rivals, already begun with the company’s establishment of a battery materials research and development center in Amagasaki, Japan. The R&D unit provides BASF with the majority of its Asian sales.

Get the latest TTAC e-Newsletter!

Recommended

9 Comments on “BASF Investing In EV Battery Market Despite Industry Setbacks...”


  • avatar
    juicy sushi

    I have no intention on discussing the merits of the article, and only want to note the awesome photo of that M1…

  • avatar
    wmba

    ” .. with sales expected to hit $686.7 billion”

    I bet. Two thirds of a trillion bucks? Just by BASF? That’s more than the retail value of 15 million cars at $30 grand apiece.

  • avatar
    WaftableTorque

    I’d like to hijack this thread and talk about something more interesting, like compact cassette formulations, the only time I’ve ever encountered BASF.

    I still remember how miserable tape formulations were, particularly with Type I formulations. I remember what made BASF different was the fact that their coatings didn’t flake off, and they had premium protective shells. Things got better with the Type II chrome dioxide tapes, and some of my favorite mix tapes were on Pioneer branded tapes. My best recordings were with Dolby C and Sony metal Type IV, which were pretty close enough to CD quality at the time, as long as I picked a formulation that best matched my JVC tape deck and took the time to select an appropriate tape bias.

    It’s all moot now, considering everything is digital and the maddening quirks of analog have gone away.

    • 0 avatar
      Wheely

      Nak decks all the way!

      A whole different way to experience bias adjustment ;)

      • 0 avatar
        Richarbl

        Another way is to get a macbook pro, load it full of quality songs. Then using the TOSLINK facility run it through a DAC into some nice vintage Hi-Fi equipment.
        Select a playlist, crack a cold beer, enjoy.

    • 0 avatar
      bullnuke

      Chances are you’re driving a car with BASF paint. When I left them 5 years ago they had around 28% of the market for OEM coatings; DuPont and PPG were the main competitors to round out the top three.

      • 0 avatar
        krayzie

        I had BASF paint on my Golf GTI. One time I ended up at a GM dealer to re-spray my hatch cuz they used BASF paint system.

        I also had BASF 5-1/4″ low-density floppy disks back in the 80’s tho not sure if they were any better than the Japanese or American brands.


Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Re: No Driver? No Problem: Michigan Just Legalized Autonomous Cars on Public Roads

    slavuta - I can’t wait to start spooking autonomous cars. A balloon attached to a rock thrown out of the window surely...
  • Re: QOTD: Hitchin’ A Ride?

    hgrunt - Last time I saw a hitchhiker, aside from on the way to or from Burning Man, was in the Humboldt County area. I’ve thought about picking up hitchhikers, but I...
  • Re: QOTD: Hitchin’ A Ride?

    Russycle - I’ve never hitched, but have picked up a few. One was in Nevada, a black guy heading from San Francisco to New Orleans. I was going to Los Angeles, took him...
  • Re: QOTD: Hitchin’ A Ride?

    Pch101 - I hitched in rural New Zealand. I hitched and picked one up in Samoa. (It is normal there and common courtesy; many people can’t afford cars, and there is no...
  • Re: It’s About Time – Lexus Will Finally Show A New LS Flagship AT NAIAS In 2017

    28-Cars-Later - “Tell us more about how great a 15 year old car is.” Pick some models.
  • Re: QOTD: Hitchin’ A Ride?

    PrincipalDan - To quote Detroit Rock City: “You know how many horror movies start that way?” “You know how many porno movies start this way?”
  • Re: QOTD: Hitchin’ A Ride?

    SnarkyRichard - I used to hitchhike all the time in the 70s . Miss the school bus ? Just stick out your thumb and someone I knew driving to school would stop and take me right...
  • Re: QOTD: Hitchin’ A Ride?

    mikey - I turned 16 in late 69 . Hitch hiking was a way of life. Myself , and my buddies , preferred , biting the bullet , and driving your own wheels. Yes, we would pickup...
  • Re: QOTD: Hitchin’ A Ride?

    zipster - Hitched to Vancouver in ’63 from Michigan. Still hitchhike back to my car when I do multi-day back packing trips, but that’s within national parks....
  • Re: Former Home of Diamond-Star Motors Now Home to a Mystery

    SCE to AUX - “Rivian will invest $175 million into the operation by 2024” That’s 7 years, or roughly $25 million/year....

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Matthew Guy, Canada
  • Seth Parks, United States
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Moderators

  • Adam Tonge, United States
  • Kyree Williams, United States