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BMW Group sources sustainable cobalt worth around €100M from Morocco for fifth-gen batteries

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The cobalt market has four types of cobalt produced: cut cathode; broken cathode; briquettes and powder; ingot and round, according to Sam Wang, trading and product manager for Manatrade AG, the marketing and trading arm of Managem Group.). Managem is one of the world’s 5 largest producers of high-purity cobalt cathodes. —Andreas Wendt.

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

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billion for the Chinese production site of the BMW Brilliance Automotive Ltd. The BMW Group has also signed a long-term supply contract for its fifth-generation electric drive trains with its second battery cell supplier, Samsung SDI. billion (contract duration from 2020 to 2031), with €4.5 billion for the BMW Group and €2.8

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BMW Group signs €540M supply contract with Ganfeng for lithium from mines in Australia

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Ganfeng is the world’s third-largest and China’s largest lithium compounds producer and the world’s largest lithium metals producer in terms of production capacity as of 31 December 2017, according to CRU. We aim to have 25 electrified models in our line-up by 2023 and more than half will be fully electric. —Andreas Wendt.

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