BERLIN -- Germany's BASF 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 and Customcells, the chemicals company said in a statement.
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 battery.
Sources told Reuters last month that Porsche parent Volkswagen Group was seeking closer ties with BASF, one of the world's largest suppliers of battery materials."
