Mexican Media Brands
China’s CATL to Supply $4.7 Billion in Battery Cells to BMW
BMW AG says it has signed a multi-year deal to buy €4 billion ($4.7 billion) worth of battery cells from Chinese battery supplier CATL.
Share
BMW AG says it has signed a multi-year deal to buy €4 billion ($4.7 billion) worth of battery cells from Chinese battery supplier Contemporary Amperex Technology Ltd.
CATL will produce nearly 40% of the cells in a new factory it is building in Erfurt, Germany, according to BMW purchasing chief Markus Duesmann. BMW confirms it has invested an unspecified amount in the factory. Ningde-based CATL will supply the balance of BMW’s cells from China.
Reuters reported late last month that BMW also has signed battery supply deals with South Korea’s LG Chem and Samsung. The news service said the combined value of the three contracts is $25 billion (€21 billion).
RELATED CONTENT
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
