BASF obtains lithium-ion cathode material licence from CAMX Power

BASF’s tests on CAM-7 show high performance, expected to increase lithium-ion battery energy density

BASF has obtained a license related to the CAMX suite of CAM-7 cathode materials for lithium-ion batteries under the intellectual property of CAMX Power LLC, states a press release by BASF. “We believe that BASF, as the world's largest chemical company, with CAM-7 added to its cathode portfolio, and with its extensive battery material production facilities globally as well as its deep manufacturing and process technology expertise, is in an ideal position to rapidly scale up production to meet the upcoming spike in demand for high energy cathodes, a critical lithium-ion battery component, accounting for as much as a third of the cost," said Dr. Kenan Sahin, founder and CEO of CAMX. BASF test with CAM-7 showed strong performance and is expected further increase energy density of lithium-ion batteries.