BASF, Porsche to develop high-performing lithium-ion batteries

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Germany’s BASF (BASFn.DE) said on Wednesday it has been chosen as the exclusive partner to develop high-performing lithium-ion batteries for electric vehicles with Cellforce Group, a joint venture between Porsche (VOWG_p.DE) and Customcells.

As part of the collaboration, BASF will provide materials for high-performance battery cells for fast charging and high energy density. Cellforce Group will produce the high-performing battery.

Sources told Reuters last month that Volkswagen was seeking closer ties with Germany’s BASF, one of the world’s largest suppliers of battery materials. read more 

Writing by Madeline Chambers Editing by Riham Alkuosaa