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07 Sep
13:01

Basf, Shanshan sign JV contract

German chemical giant Basf has completed the acquisition of a 51% stake of China's Hunan Shanshan Energy and has officially become the largest shareholder of this battery cathode material manufacturer, Kallanish notes. The new joint venture will be named Basf-Shanshan Battery Materials Company, with 49% held by Shanshan listed company. The newly established JV company has four bases in Hunan and Ningxia, and its business covers raw material…
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