BASF’s license from Argonne covers the broadest scope of NCM chemistry which can be used in today's lithium-ion batteries. This includes lithium stabilization (molar ratio of lithium to other metals greater than 1) of known NCM materials, such as 111, 424, and 523, which improves power characteristics, cycle life and safety of current lithium-ion technology.

BASF is the only licensee of ANL’s prominent NCM cathode materials patents with the ability to grant sub-licenses. We are pursuing a sub-licensing strategy to other industry players so that NCM customers can be able to continue their business with the full respect to intellectual property and technology innovation, and end-users can benefit from this innovation. Customers may continue to use existing product platforms unimpeded through the supply from licensed suppliers.

Pulead as a responsible market player has a strong reputation for quality and integrity with a good customer base in the battery industry.

—Jeffrey Lou, Senior Vice President of BASF’s global battery materials

Established in 1999 by Oriental Investment Co. Ltd and Peking University, Pulead Technology Industry is one of China’s leading Li-ion battery cathode producers. Together with its strategically positioned subsidiaries and JVs in cathodes, anodes and separators as well as in upstream lithium resources and downstream large format battery packs, Pulead is becoming a key player in the Li-ion battery supply chain.