Ventures in Japan: Investments in Lithium-Ion Battery Materials Production

Japan now has more electric-car charging stations than gas stations, a surprising discovery made by Nissan Motor Company.

As of February 2015, the number of power points in Japan, including fast-chargers and those in homes, has grown to 40,000, beating out the country's 34,000 gas stations.

And, according to a recent Roland and Berger E-mobility Index, the country is the industry leader for electromobility.

With stats like this, it is no surprise that BASF and TODA KOGYO Corp. formally established a joint venture called "BASF TODA Battery Materials, LLC," which will provide cathode active materials (CAM) for lithium-ion battery manufacturers in Japan.

"BASF brings global strength in cathode active materials to this new venture, together with a 150-year history of innovation"

The company will conduct research, development, production, marketing and sales for a broad range of cathode materials, particularly Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO) and Nickel Cobalt Manganese (NCM).

"BASF brings global strength in cathode active materials to this new venture, together with a 150-year history of innovation," said Kenneth Lane, President of BASF's Catalysts division.

"With the formation of this joint venture we are ready to respond in a flexible and timely manner to the global expanding cathode materials market for lithium-ion batteries," said Shigeru Takaragi, president of TODA KOGYO CORP. "BASF and TODA will combine and mobilize resources to take full advantage of our synergies so that we can provide more innovative solutions to meet customer needs and demands."

BASF TODA Battery Materials, LLC will be headquartered in Minato-ku, Tokyo, and have production facilities in Sanyo-Onoda city, Yamaguchi Prefecture and Kita-Kyushu city, Fukuoka Prefecture. It has a direct employee base of approximately 80 people, with annual combined production capacity for cathode active materials and their precursors of approximately 18,000 tons.

"We look forward to developing the business in Japan, which is a global leader in lithium-ion battery manufacturing and innovation," continued Lane.

BASF TODA Battery Materials will operate as part of BASF's global Battery Materials business. It will benefit from BASF's position as the leading chemical supplier to the automotive industry as well as from TODA KOGYO CORP.'s marketing and technical capabilities and extensive know-how in the battery materials industry.

From left to right: Shigeru Takaragi, President of TODA KOGYO CORP., Yasuo Anno, Chief Executive Officer of BASF TODA Battery Materials LLC and Joerg-Christian Steck, Representative Director and President of BASF Japan. From left to right: Shigeru Takaragi, President of TODA KOGYO CORP., Yasuo Anno, Chief Executive Officer of BASF TODA Battery Materials, LLC and Joerg-Christian Steck, Representative Director and President of BASF Japan.