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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

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BBA) joint venture, Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production, announced local production of the NEUE KLASSE in China. The “Sixth-Generation Battery Project” will play a key role in production of vehicles for the NEUE KLASSE and create around 2,000 new jobs in the region.

BMW 457
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Report: China now makes enough batteries for global EV production

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China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance.

Global 178
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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in the April report for the Institute for Supply Management’s Manufacturing Index. As manufacturers set to ramp product back up to produce everything from automobiles, airplanes and construction tools, they will begin to return to normal production cycles. for production and manufacturing, and tungsten is among them.

Supplies 380
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.

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Benchmark: China will increase share of global cathode production to 87% in 2030

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Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022.

China 243
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Benchmark: flake graphite production in Africa set to overtake China this decade

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Africa could overtake China as the world’s largest producer of natural graphite for lithium ion batteries as soon as 2026, according to Benchmark Mineral Intelligence, in a sign of the continent’s growing importance to the electric vehicle supply chain. China also dominates global lithium refining and processing.

Africa 259
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Benchmark: Africa’s lithium production to increase >10x this decade; potentially 12% of global supply

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Africa’s mined lithium production output is set to increase more than ten-fold this decade, according to Benchmark’s Lithium Forecast. This will increase the region’s strength in the supply of critical minerals beyond cobalt, which the continent has historically dominated.

Namibia 195