Is BASF Shanshan a foreign company?

BASF foreign company, Shanshan is a state-owned enterprise. BASF Shanshan Battery Material Co., Ltd. is a joint venture company established by BASF and Shanshan on 20021,while BASF Europe and Shanshan are state-owned enterprises. The company was first founded by Shanshan Co., Ltd. in 2003, and now it is a leading enterprise in the cathode material industry in China. The main products, lithium cobaltate and ternary battery materials, are in the forefront of the industry. BASF Shanshan has production bases in Changsha, Ningxiang and Shizuishan of Ningxia. By 2022, the annual production capacity will reach 90 thousand tons. Relying on continuous technological innovation and independent research and development, BASF Shanshan has established a leading technology research and development center in Changsha, Hunan Province, with more than 240 experts and researchers, focusing on product research and development, analysis and testing.