(Yicai Global) Nov. 25 -- German chemical giant BASF has jointly developed three electric concept cars with the research center of Guangzhou Automobile Group, GAC R&D.
"This is the first time BASF has cooperated with a Chinese OEM to develop concept vehicles. We are excited to work with GAC R&D Center in shaping future mobility with our sustainable and innovative materials and solutions," said Dr. Zheng Daqing, senior vice president, business and market development Greater China, BASF.
Based in Ludwigshafen am Main in west-central Germany, BASF is the world's largest chemical maker, public information shows.
Its auto business now makes up 18 percent of the company's total revenue. The firm is deeply involved in the automotive industry's whole supply chain, including exteriors, paint, oil additives and battery cathodes.
Faced with the challenge of vehicle electrification, BASF is also trying to meet demand by innovating lightweight materials, energy management systems and new catalysts.
BASF also set up a new battery material lab in Shanghai last year to meet the needs of the fast-growing electric vehicle industry, and the first Asia-Pacific automotive application R&D and process catalyst research center.
"BASF will provide more solutions not only meeting local consumers' demands, but also offer global solutions." Dr. Zheng Said.
Editor: Ben Armour