BMW ordered €10 billion worth of battery cells from CATL, Samsung SDI

Published: Nov 22, 2019 13:21

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Order volume from CATL will increase from €4 billion to €7.3 billion

SHANGHAI, Nov 22 (SMM) – German carmaker BMW Group said on November 21 that it has ordered more than €10 billion ($11 billion) worth of lithium-ion battery cells that could cover the requirements until 2031, from two cell manufacturers China’s CATL and South Korean Samsung SDI.

Order volume from CATL, which originally stood at €4 billion when it was announced in mid-2018, will rise to €7.3 billion.

The contract period with CATL will extend from 2020 to 2031.

Market commentary Lithium battery

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