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

Green Car Congress

The BMW Group is deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. billion for the BMW Group and €2.8 billion for the Chinese production site of the BMW Brilliance Automotive Ltd. billion for the BMW Group and €2.8 Limited) and Samsung SDI.

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

Green Car Congress

As part of its electromobility expansion, the BMW Group is deepening its existing business relationship with Ganfeng Lithium based in Jiangxi (China). In this way, the BMW Group is securing 100% of its lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries. —Andreas Wendt.

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

Baua Electric

The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. The main export markets for these vehicles were Europe and countries in the Asia Pacific region, such as Thailand and Australia.