Core Viewpoint - The strategic partnership between BASF and CATL aims to enhance the supply chain localization and technological advancements in the battery materials sector, particularly in the field of advanced cathode active materials (CAM) [1][2]. Group 1: Strategic Partnership and Collaboration - BASF and CATL signed a strategic cooperation agreement to leverage BASF's global production network for advanced CAM, marking BASF as CATL's core supplier [1]. - The collaboration builds on their previous partnership in Europe since 2021, focusing on cathode materials and battery recycling [2]. - The partnership aligns with CATL's strategy to accelerate local production overseas, enhancing its service capabilities for international clients [1][2]. Group 2: Global Expansion and Production Capacity - CATL has established multiple battery factories overseas, including locations in Germany, Hungary, Spain, and Indonesia, to support its localization strategy [2]. - The company is set to invest €4.1 billion in a joint venture with Stellantis to build a factory in Spain, focusing on lithium iron phosphate batteries with an annual capacity of 50 GWh [3]. - CATL's factory in Germany has commenced operations, and its Hungarian facility is also under construction, with plans for production to begin in 2025 [2]. Group 3: Supply Chain Development - CATL is developing a dual-track supply chain system through self-built and strategic investment/partnership models, particularly in Indonesia, where it is constructing the largest battery factory in Southeast Asia [5]. - The Indonesian project will have an initial capacity of 6.9 GWh, with plans to expand to 15 GWh, and includes a nickel resource project to support battery material production [5]. - CATL aims to establish a renewable energy recycling system in Indonesia, achieving over 95% metal recovery rate for battery materials [5]. Group 4: Investment and Fundraising - CATL is actively seeking partnerships to build a stable and sustainable green supply chain globally, including collaborations with domestic supply chain companies in Hungary [7]. - The company is negotiating with sovereign wealth funds and private offices to raise a $1.5 billion fund aimed at constructing its global supply chain [7][9]. - A $1.5 billion green fund has been established to invest in carbon neutrality-related projects, with a focus on battery recycling and green hydrogen production [8][9].