BASF - ANL Collaboration On NCM Cathode Materials

BASF - ANL Collaboration on NCMCathode MaterialsMichael FetcenkoCommission to Review the Effectivenes of the NationalEnergy LaboratoriesNovember 4, 20141

BASF – The Chemical CompanyWe Create Chemistry for a Sustainable Future We combine economic success, socialresponsibility and environmentalprotection Sales 2013: 73,973 million EBIT 2013: 7,273 million Employees (as of December 31, 2013):112,206 6 Verbund sites and 376 otherproduction sites Our chemistry is used in almost allindustries – Sales into automotive industryaround 15% of total salesNovember 4, 20142

Chemistry-based innovations @ BASFGlobal needsKey customer industriesGrowth fieldsTechnology fieldsBatteries for MobilityResources,Environment& ClimateEnzymesTransportationAgricultureE-Power ManagementMaterials,Systems &NanotechnologyFunctional Crop CareFood &NutritionConstructionEnergy & ResourcesHeat Managementfor ConstructionLightweight CompositesRaw MaterialChangeOrganic ElectronicsQuality of LifeConsumer Goods ElectronicsPlant BiotechnologyWater SolutionsWhiteBiotechnologyWind EnergyHealth & NutritionNovember 4, 2014.3

BASF – The Chemical CompanyBASF’s Comprehensive Battery Materials Portfolio Global business unit established 2012 Significant expansion of the scope ofits battery materials technologies overthe last two years‒ Start-up of own production sites‒ Licensing agreements‒ Multiple acquisitions‒ Investment into companies In-house R&D and strategicpartnershipsNovember 4, 20144

Argonne National LaboratoryANL and Inventors – Strong ReputationBASF collaboration with ANL on patentprotection and commercialization ofANL Technology.November 4, 20145

Argonne Battery TechnologyPatent Confirmed by U.S. Patent OfficeNMC cathode technology as described in thispatent can be found in commercial consumerand vehicle lithium-ion batteries.November 4, 20146

NCM Product Overview2State-of-the-art1NCM 111: Li1 x(Ni0.33Co0.33Mn0.33)1-xO2Discharge Capacity: 154 Ah/kg @ 0.1CHi NickelBroad range of availablecompositionsNCM 622Discharge Capacity: 178 Ah/kg @ 0.1CNCM COMPOSITION DIAGRAMNCM 523: Li1 x(Ni0.5Co0.2Mn0.3)1-xO2Discharge Capacity: 164 Ah/kg @ 0.1CCo (LCO)0.0 1.0NCM 424: Li1 x(Ni0.4Co0.2Mn0.4)1-xO2Discharge Capacity: 155 Ah/kg @ 0.1C0.20.40.6NCM 811 and othersDischarge Capacity: 185 Ah/kg @ 0.1CMn rich3HV-Spinel:Discharge Capacity: 140 Ah/kg @ 1CNovember 4, 2014HE-NCMs1.00.00.6High stability regionNCM-111NCM-433NCM-4240.8HE-NCM:Discharge Capacity: 260 Ah/kg @ 0.1C0.8Mn (LMO)High capacity M-929Lower cost regionHV spinel0.20.40.4Ni0.60.80.01.0Ni (LNO)7

BASF Battery Materials - ManufacturingNCM plant – Elyria, OhioElectrolytes - Zachary, Louisiana and Suzhou, ChinaNCM & LFP Cathode Materials Fully operational productionplants Suitable for NCM materialsas well as for next generationhigh energy NCMElectrolytes State-of-the-artmanufacturing technology Global presence: NorthAmerica and ChinaBASF Global Presence – includes R&D and Pilot Production inLudwigshafen, GermanyNovember 4, 20148

BASF’s battery materials portfolio:Driving Your SuccessSolid IP positionBroad portfolio NiMH Technology from OvonicBatteries Formulated electrolytes NCM and LFP cathode materials Li-Sulfur development togetherwith Sion Power ANL license for NCM cathodematerialsOvonic patents for NCMprecursorsLFP license from LiFePO4 CLicensing AGVC license from MitsubishiChemicalsStrong R&D R&D Centers in the US, Europeand AsiaStrong development pipeline forcathode materials and electrolytesGlobal expert network to supportBASF’s R&DNovember 4, 2014BASF’sBatteryMaterials:CustomercentricGlobal presence NCM production in Elyria, Ohio US LFP production in Germany Electrolyte production in BatonRouge (US) and Suzhou (China) Customer application centers inthe US, Germany, China andJapan9

High Energy Cathode MaterialsOverview about next generation cathode materialsPerformance benefit calculated in a model cellGravimetric energydensity [Wh/kg]Volumetric energydensity [Wh/l]NCM-111219606HE-NCM 15% 5%HV spinel 8% 8%HE NCMMarked capacityincrease atslightly lower voltage“High Energy”5.0Discharge profiles HE-NCM vs. NCM-111HE-NCM4.54.03.5NCM-1113.02.5HV spinel4.03.5NCM-1113.02.5E Q U2.0E Q U2.01.5Marked voltage increaseat slightly lower capacity“High Voltage”Discharge profiles HV spinel vs. NCM-1114.5Voltage [V]Voltage [V]5.0HV Spinel1.5050November 4, 2014100150200Capacity [Ah/kg]250300050100Capacity [Ah/kg]15010

BASF Battery MaterialsGlobal footprintLFP productionNCM productionLFP production inLudwigshafen andWeimar, Germany(3.0 kt)Application labs,research centersNCM production plant inElyria, US (2.4 kt)November 4, 2014ElectrolyteproductionAmagasaki, Japan.Further application labsin the US, China andGermanyResearch centers in theUS and GermanyProductioncapacity in Suzhou,China.Further capacity inLouisiana11

BASF Collaboration with ANLMultiple Fields including Battery and Agricultural BASF is proud licensee of ANL NCM CathodeTechnology Active development of next generation NCMMaterials Capital Investment for Commercialization Elyria, Ohio factory for NCM Calcination Acquisition of Ovonic Precursor Patent CollaborationNovember 4, 201412

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HE-NCM oltage NCM-111 ] E Q U Discharge profiles HV spinel vs. NCM-111 1.5 2.0 2.5 3.0 3.5 0 Capacity [Ah/kg] oltage] 50 100 150 NCM-111 HV spinel E Q U Performance benefit calculated in a model cell Gravimetric energy density [Wh/kg] Volumetric energy density [Wh/l] NCM-111 219 606 HE-NCM 15% 5% HV spinel 8% 8% Marked voltage .