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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. Sustainability and security of supply are important factors for electromobility.

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

Green Car Congress

The two companies have signed a 5-year (2020 - 2024) supply contract for the lithium needed as a key raw material for battery cells. We aim to have 25 electrified models in our line-up by 2023 and more than half will be fully electric. Cobalt will be sourced directly from mines in Australia and Morocco in the future.

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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 has also signed a long-term supply contract for its fifth-generation electric drive trains with its second battery cell supplier, Samsung SDI. The BMW Group will source the cobalt needed as a key raw material for cell production directly from mines in Australia and Morocco and make it available to CATL and Samsung SDI.

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