It can be described as a joint venture between Shanshan and BASF. There is no problem at all. As an international chemical giant, BASF has the following main advantages:
(1) The world's leading automobile enterprise cooperation resources, BASF is the guarantee and endorsement of brand and quality, BASF is a German enterprise, and European automobile brands who don't buy BASF's face; (2) BASF has international ternary patents and technologies, but it is authorized by Argonne National Laboratory (ANL) in the United States, and has a large number of technical reserves in ternary aspects. (3) A certain reserve of lithium battery resources. As an international chemical giant, there is no doubt that the company has certain kinds of cathode material resources in the world, many of which are just undeveloped. Although it is not as good as SQM, it is enough for the joint venture company to develop by leaps and bounds. And these three points are exactly what Shanshan lacks most. What does Shanshan have? Some production capacity is huge, and the total production capacity is no less than the current production capacity. Some have cost advantages in China and market advantages in China, which BASF lacks most.