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In order to keep their engines from overheating and perhaps igniting fires, all cars require coolants, but those in electric cars are especially crucial due to the greater temperatures and voltages involved.
A typical coolant used in the automobile industry is mostly made of a solution of ethylene glycol and water.
Both liquids are required due to their distinct physical characteristics: glycol has a low melting point, which is essential if the vehicle is to be used in a cold climate, and water has a high heat capacity and thermal conductivity that allows heat from the battery to dissipate quickly throughout the vehicle.
The China EV Chemicals market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The joint venture known as “BASF Shanshan Battery Materials Co., Ltd.” has been established by BASF and Shanshan with the agreement of all pertinent authorities. The newly established business has four locations in China’s Hunan and Ningxia.
It already occupies a dominant position along the whole value chain of battery materials, from raw materials to recycled batteries and precursor cathode active materials (PCAM).
In addition to having a global operating footprint and excellent technological and development capabilities, BASF also has strategic alliances for the sourcing of raw materials.
The joint venture will constantly serve the worldwide consumer electronics and energy storage segments while focusing especially on the rapidly expanding electric vehicle (EV) market thanks to Shanshan’s substantial experience, comprehensive product portfolio, and leading scale-up capability.
With an emphasis on close client proximity, expanding its product line, and assuring a steady supply of sustainable raw materials, BASF has continued to expand its global footprint.
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