BASFY & NIO Ink Deal to Boost Collaboration in Automotive Coatings

BASF SE’s (BASFY) unit BASF Coatings recently announced a strategic partnership with NIO, a pioneer in the global smart electric vehicle market, to step forward in the automotive coatings sector. A Letter of Intent (LoI) has been signed to establish this partnership.BASF, which is among the prominent players in the chemical space along with Dow Inc. (DOW) , DuPont de Nemours, Inc. (DD) and Eastman Chemical Company (EMN) , noted that this collaboration marks a significant step toward achieving a long-term an ...