BASF TODA Battery Materials LLC (BTBM)
BASF TODA Battery Materials LLC (BTBM) has been formed by BASF Japan (66% equity) and Toda Kogyo (34% equity) in Japan in 2015. It specializes in cathode active materials (CAM) for lithium-ion batteries, including Nickel Cobalt Aluminum Oxide (NCA) and Nickel Cobalt Manganese Oxide (NCM).
The company is further expanding the production capacity to increase the supply of high nickel CAM for up to 45 GWh cell capacity per year .