BMW orders battery cells worth E10bn to support e-mobility
Click here to read full article from source
U.S., Nov. 21 -- BMW has ordered more than E10bn worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology (CATL) and Samsung SDI.
BMW said it had boosted its order with CATL to E7.3bn from an original booking announced in mid-2018 that was worth E4bn. It said the contract would last from 2020 to 2031, reports Reuters.
The German car manufacturer revealed it had also signed a battery supply contract with Samsung SDI worth 2.9 billion euros, valid from 2021 to 2031.
BMW said it would get the cobalt it needs for cell production from mines in Australia and Morocco and provide it to CATL and Samsung SDI. It said it would source the lithium from mines including in Australia.
"We strongly supported and played an...
To read the full article or to get the complete feed from this publication, please Contact Us