#BASF Aims to Muscle Itself Onto Battery Materials’ Top Table

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#BASF SE is prepared to dig deep, pouring money and expertise into developing materials for #ElectricVehicle batteries to catch up with rivals like #Tesla Inc. supplier #Sumitomo Metals & Mining Co.

 The world’s No. 1 chemical maker is adding to its expansion plans in #Europe, which is emerging as the next high-growth region for batteries, said Ken Lane, #BASF’s global head of catalysts. Battery makers in the market currently rely on Asian suppliers like Sumitomo that provide #Nickel and #Lithium.

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