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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. Managem is one of the world’s 5 largest producers of high-purity cobalt cathodes.

Morocco 225
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ZF signs multi-year supply agreement with STMicroelectronics for silicon carbide devices for new inverters

Green Car Congress

The technology group ZF will, from 2025, purchase silicon carbide (SiC) devices from STMicroelectronics. ZF will leverage ST’s vertically integrated silicon carbide manufacturing in Europe and Asia to secure customer orders in electromobility. Our order book in electromobility until 2030 now amounts to more than thirty billion euros.

Supplies 186
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BMW Group signs €540M supply contract with Ganfeng for lithium from mines in Australia

Green Car Congress

Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. For the BMW Group’s purchasing experts, ethically responsible raw material extraction and processing begins at the mines themselves. Cobalt will be sourced directly from mines in Australia and Morocco in the future.

BMW 170
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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. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. Limited) and Samsung SDI. billion (contract duration from 2020 to 2031), with €4.5

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Nissan Forecasts US$2.9B Loss for Fiscal Year; Cuts Planned Production by 20%

Green Car Congress

The loss is driven by the severe downturn in the global economy in the second half of calendar year 2008 and, in particular, the negative impact of the strong yen, the sharp decline in consumer confidence in all major markets and product mix deterioration, the company said. compared with last year.

Nissan 150
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Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

Green Car Congress

As COVID-19 continues to spread worldwide, the pandemic is having an unprecedented impact on the global economy and commodity markets, including cobalt. Roskill expects the cobalt market to face more severe supply disruption should the prevention and control measures be further extended on a global scale. Gulley, Erin A.

Supplies 307