Log in
Log in
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. BASF SE
  6. News
  7. Summary
    BAS   DE000BASF111


Real-time Estimate Tradegate  -  03:43 2022-11-30 pm EST
48.87 EUR   -0.38%
10:53aBasf : Personnel Changes at BASF
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation Drops
05:42aBasf : Joint News Release Inditex and BASF develop the first detergent designed to reduce microfiber release from textiles during washing
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CitroŰn invents cardboard car for resourceless world

09/29/2022 | 07:10am EST
Renault's low cost brand Dacia holds event in Le Bourget

LA PLAINE ST DENIS, France (Reuters) - Imagine a future world starved of resources where carmakers have to resort to replacing the metal in your car's roof and hood with cardboard.

That's what Citroën has done with a new concept car designed in anticipation of a resourceless world, using cardboard instead of steel for those parts.

This is no ordinary cardboard, but a specialised honeycomb format reinforced with plastic coating on each side that is strong enough to be stood on without buckling.

It was developed in partnership with German chemical giant BASF. This and a vertical windscreen designed to reduce the amount of glass needed and save weight make the electric Citroën "Oli" concept car look like a futuristic SUV.

During the Soviet era, a common, erroneous, urban myth held that the Trabant, a small two-stroke engine car produced in the former East Germany, had a body made of reinforced cardboard - and if it rained hard enough you could punch a hole in it.

In fact, the Trabant was made of "duroplast", a plastic reinforced with recycled cotton waste from the former Soviet Union.

Citroën, which is part of world No. 4 carmaker Stellantis, and BASF have succeeded in turning popular legend into reality.

"It's more than just a concept car like you're used to seeing," Citroën director of future products Anne Laliron told Reuters. "It's almost an expression of new lifestyles."

Designers at Dacia, the low-cost brand of Renault, have also tried their hand at this exercise, coming up with the "Manifesto" concept car. Unveiled in mid-September, it also seems to have come out of a "Mad Max" movie, set in a post-apocalypse world where oil is worth more than gold.


Dacia's off-roader is a bare-bones vehicle focused on the basics, including a cork dashboard where you can pin a good old-fashioned paper road map in the event there is no signal for GPS navigation.

To account for the possible effects of climate change and component shortages, the Citroën Oli weighs under 1 tonne (1,000 kg) and cannot exceed 110 kilometers (68 miles) per hour.

Wire harnesses have been removed from the door panels - which only have eight parts versus an average of 35 in today's cars - the key lock has returned and the dashboard uses information from the driver's mobile phone for communication or entertainment.

The windows open manually and the vertical windscreen - which also cuts the impact of solar radiation inside the vehicle and thus reduces the need for air conditioning - means a vent must be fitted on the hood to recreate a windscreen's effect on vehicle aerodynamics.

Oli is also designed to be recyclable and easy to repair so that it can last at least three generations, or 50 years.

"It's an object that will last, that we will be able to repair, always bearing in mind that we used resources to manufacture it," Laliron said. "We must therefore make it last as long as possible."

Work on the concept car began in 2019 and has arrived in an era beset by raw material shortages caused by the coronavirus pandemic and the war in Ukraine.

"It is clear that what we have experienced in the last few years has further strengthened our intuition, our ambition," Laliron said.

(Writing by Nick Carey, editing by Ed Osmond)

By Gilles Guillaume

ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.11% 48.515 Delayed Quote.-20.59%
BRENT OIL 2.39% 86.95 Delayed Quote.6.82%
FUTURE WORLD HOLDINGS LIMITED 2.22% 3.22 Delayed Quote.251.07%
RENAULT 3.05% 34.81 Real-time Quote.10.59%
STELLANTIS N.V. 1.24% 14.884 Real-time Quote.-11.85%
STELLANTIS N.V. 1.24% 14.892 Delayed Quote.-11.84%
WTI 2.46% 80.678 Delayed Quote.1.55%
All news about BASF SE
10:53aBasf : Personnel Changes at BASF
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation D..
05:42aBasf : Joint News Release Inditex and BASF develop the first detergent designed to reduce ..
05:42aBASF SE : Deutsche Bank reiterates its Buy rating
11/28BASF SE : UBS reaffirms its Sell rating
11/28BASF SE : Goldman Sachs remains Neutral
11/28Cms : BASF SE: Release of a capital market information
11/25Ethylene Vinyl Acetate Market is expected to reach US$ 12.15 Bn. by 2029 Asia Pacific t..
11/24BASF Opens Surface Treatment Facility in China
11/22BASF Opens New Surface Treatment Production Site in China
More news
Analyst Recommendations on BASF SE
More recommendations
Sales 2022 88 199 M 90 955 M 90 955 M
Net income 2022 4 883 M 5 036 M 5 036 M
Net Debt 2022 16 640 M 17 159 M 17 159 M
P/E ratio 2022 9,07x
Yield 2022 6,92%
Capitalization 43 397 M 44 753 M 44 753 M
EV / Sales 2022 0,68x
EV / Sales 2023 0,73x
Nbr of Employees 111 768
Free-Float 100%
Duration : Period :
BASF SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BASF SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 49,06 €
Average target price 54,06 €
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Martin BrudermŘller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Alison Jane Carnwath Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BASF SE-20.59%45 378
DUPONT DE NEMOURS, INC.-14.01%34 507
SASOL LIMITED13.02%10 921