German chemical company BASF has signed a licensing deal as it looks to target the lithium-ion cathode materials market for electric vehicle applications.
The company was granted a licence to use the intellectual property relating to CAMX Power LLC (CAMX) suite of patented CAM-7 cathode materials.
The company will not be making the cells, but instead will supply the materials for high-energy applications including EV and plug-in vehicles.
A BASF spokesman told BBB: “The material can be used in all high-energy applications such as electric cars, plug-ins and demanding consumer electronics such as smart phones and tablets.
“We choose CAM-7 because it’s an extreme high-nickel material that shows highest capacities per weight and volume. It completes BASF’s existing portfolio of high-energy cathodes.”
BASF already supplies lithium-ion-battery materials including high-nickel materials such as high-end NCM or NCA.
“We believe that BASF 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.
The CAM-7 cathode material took more than 10 years to develop and has been granted a global patent.