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BMW boosts CATL battery order to €7.3B, signs €2.9B battery order with Samsung SDI

Green Car Congress

The original CATL order volume of four billion euros announced in mid-2018 will now be increased to €7.3 Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. The BMW Group has also localized battery production in Thailand and is working with the Dräxlmaier Group in this area.

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BMW Group enters long-term €2B supply contract with Northvolt for battery cells from Europe

Green Car Congress

—Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. The BMW Group recognised Northvolt’s potential and expertise early: In mid-2018, the BMW Group entered a cooperation to develop battery cells with the company formed in 2016.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

This is more than six times higher than in 2018, just 5 years earlier. Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% five years earlier, in 2018. These trends indicate that growth remains robust as electric car markets mature. Around 2% of all cars sold were electric.