BASF and TODA KOGYO, an industry leader in the development and manufacture of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode active materials (CAM) in Japan. Under terms of the agreement, BASF will acquire a 66% ownership stake in the new venture, with TODA KOGYO CORP. holding a 34% ownership stake. BASF and TODA KOGYO CORP. will combine their respective CAM businesses, intellectual property and production assets in Japan in the joint venture, whi...