BMW Group has extended its existing business relationships with battery cell manufacturers CATL and Samsung SDI to ensure a stable supply of batteries
BMW says the original CATL order volume of €4 billion, announced in mid-2018, will now be increased to €7.3 billion, divided across the BMW Group (€4.5 billion) and the Chinese BBA production site in Shenyang (€2.8 billion). The BMW Group is the first customer of the CATL battery cell plant currently under construction in Erfurt, Germany. A long-term supply contract for €2.9 billion has also been signed with its second battery cell supplier, Samsung SDI. The contract, extends from 2021 to 2031…
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