BMW continues to promote the development of electric vehicles and sign 2 billion euro battery contracts with suppliers

Published: Jul 17, 2020 07:42

Save

SMM: BMW officially announced that it has signed a 2 billion euro battery supply contract with Swedish company Northvolt. The latter will produce battery packs in factories in northern Sweden from 2024. The plant is currently under construction and all electricity will come from wind and hydroelectric power.

Oliver Zipse, chairman of the BMW Management Committee, said: "in order to contribute to environmental protection, we aim to improve the overall environmental balance of products from resources to recycling, which is especially suitable for the energy-intensive production of high-voltage batteries for electric vehicles. That's why we now have a contract agreement with the battery manufacturer. "

At present, BMW Group has three battery suppliers around the world. By 2023, BMW plans to launch 25 new energy models, more than half of which are pure electric models. The new electric MINI was put into production at the Oxford plant in 2019, BMW iX3 will be delivered in Shenyang, China later this year, and BMW iEXT and BMW i4 will be produced in Germany in 2021.

Scan the code to apply to join the SMM industry communication group:

BMW electric cars

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

19 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

19 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

19 hours ago