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

Published: Jul 17, 2020 07:42

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:

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 for 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
[SMM Analysis] New Technologies in Lithium Carbonate Production: Pathways and Bottlenecks
11 hours ago
[SMM Analysis] New Technologies in Lithium Carbonate Production: Pathways and Bottlenecks
Read More
[SMM Analysis] New Technologies in Lithium Carbonate Production: Pathways and Bottlenecks
[SMM Analysis] New Technologies in Lithium Carbonate Production: Pathways and Bottlenecks
11 hours ago
[SMM Analysis] August 2026 Lithium Carbonate Market: Mid-Month Rally, End-Month Retreat Amid Supply Recovery
11 hours ago
[SMM Analysis] August 2026 Lithium Carbonate Market: Mid-Month Rally, End-Month Retreat Amid Supply Recovery
Read More
[SMM Analysis] August 2026 Lithium Carbonate Market: Mid-Month Rally, End-Month Retreat Amid Supply Recovery
[SMM Analysis] August 2026 Lithium Carbonate Market: Mid-Month Rally, End-Month Retreat Amid Supply Recovery
11 hours ago
Special Action to Uphold the Bottom Line of Mandatory Product Certification: 108,500 CCC Certificates Suspended
11 hours ago
Special Action to Uphold the Bottom Line of Mandatory Product Certification: 108,500 CCC Certificates Suspended
Read More
Special Action to Uphold the Bottom Line of Mandatory Product Certification: 108,500 CCC Certificates Suspended
Special Action to Uphold the Bottom Line of Mandatory Product Certification: 108,500 CCC Certificates Suspended
It was learned today that the State Administration for Market Regulation has carried out an in-depth nationwide special action to uphold the bottom line of mandatory product certification, launching "random selection and public disclosure" supervision and inspection of certification bodies, covering all 34 CCC-designated certification bodies, 90 CCC-designated laboratories, and 300 voluntary certification bodies. To date, designated certification bodies have suspended a total of 108,500 CCC certificates involving 18,500 producer visits, and revoked a total of 44,900 CCC certificates involving 13,000 producer visits. Among them, more than 4,200 CCC certificates for power banks and lithium batteries that could no longer meet certification requirements were revoked or cancelled, effectively ensuring product quality and safety. At the same time, special governance of institutional filing and certification rules has continued. Since the beginning of this year, 50,200 rules have been reviewed, 30,300 were not filed, 17,700 were returned for rectification, and 2,186 were approved, ensuring high-quality certification activities through high-standard certification rules.
11 hours ago