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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. In this respect, we are quite clearly in the fast lane.

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Hertz Trims EV Fleet With Massive Sell-Off

The Truth About Cars

Companies often tout their green initiatives as a way to drum up new business, but the expensive reality of investing in EVs and other technologies isn’t always clear up front. Hertz found that out the hard way, as it aggressively invested in new EVs for its rental fleet a couple of years ago, only to begin selling them off in 2024.

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

Green Car Congress

Recently the BMW Group signed a cobalt supply contract with Moroccan mining company Managem Group ; the contract has a volume of around €100 million, said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. Cobalt is an important raw material for electromobility.

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Autonomy orders 23,000 EVs from 17 automakers; $1.2B order covers 45 EV models

Green Car Congress

Autonomy, the nation’s largest electric vehicle subscription company, placed an order for 23,000 electric vehicles with 17 global automakers to expand and diversify its subscription fleet beyond Tesla. The fleet order is valued at $1.2 Production Forecasts: Vehicle will be available to purchase before the end of 2023.

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BMW partners with Green Mountain Energy Company to offer renewable energy certificates to BMW ActiveE Drivers

Green Car Congress

BMW of North America will partner with Green Mountain Energy Company to offer drivers of the BMW ActiveE the choice to support renewable energy for their cars. In addition to this opportunity to purchase RECs from Green Mountain, ActiveE drivers can take advantage of a separate BMW clean energy offer.

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

Green Car Congress

The BMW Group has signed a long-term supply contract worth €2 billion for battery cells with the Swedish company Northvolt. —Oliver Zipse, Chairman of the Board of Management of BMW AG. —Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.

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BMW Group makes sustainability and efficient resource management central to its strategic direction

Green Car Congress

The BMW Group is making sustainability and resource efficiency central to the company’s strategic direction. Chairman of the Board of Management Oliver Zipse announced initial details of this strategic direction in Munich on Monday and presented the targets the company has set itself for the phase up to 2030.

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