About: http://data.cimple.eu/news-article/ca396e41cc4d9a0642f70aae9b7656a09caec73bb2711e1a8ea49a10

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About: http://data.cimple.eu/news-article/ca396e41cc4d9a0642f70aae9b7656a09caec73bb2711e1a8ea49a10 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German chemicals giant BASF said Thursday it had agreed a partnership with Chinese firm Shanshan to produce components for batteries, including those used in electric cars, in China. In a statement, BASF said it had agreed to take on a 51 percent share of the joint venture to produce cathode active materials and precursors on Chinese soil. Shanshan, a supplier of lithium-ion battery materials in both the e-mobility and consumer electronics sectors, operates several production sites in China. The deal comes as German companies have been pouring in resources to ramp up battery production for the switch to electric vehicles. "By combining BASF's and Shanshan's expertise, we will accelerate the electrification transformation of the transportation industry," said BASF director Markus Kamieth in a statement. BASF said the agreement, which is still subject to approval by the authorities, would see it expand annual production capacity to 160 kilotonnes of materials by 2022. The German group is already expanding its capacities in Europe, with a new factory set to open in 2022 in Brandenburg state, not far from Tesla's electric vehicle "Gigafactory" just outside of Berlin. The firm, whose chemicals are also used in pharmaceuticals, cleaning products, food and agriculture, employs more than 110,000 people globally. It claims that joint venture with Shanshan will make it "the first company with capacities in all major markets by 2022". kih/hmn/lth
schema:headline	BASF in battery parts production deal with China's Shanshan
schema:mentions	BASF Lithium-ion battery Brandenburg Electric vehicle Tesla Model 3 Berlin Agriculture European Union China Cathode Shanshan Electrochemical cell Giga Nevada Consumer electronics Mark the Evangelist Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	88 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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