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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.

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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. Under the terms of the multi-year contract, ST will supply a volume of double-digit millions of silicon carbide devices to be integrated in ZF’s new modular inverter architecture going into series production in 2025. Earlier post.)

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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 Chinese production site of the BMW Brilliance Automotive Ltd. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.

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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. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.

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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.

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

Green Car Congress

Roskill has so far recorded the closure of 21 operations as a result of the outbreak, including: Vale’s Voisey’s Bay and Glencore’s Sudbury in Canada; Ambatovy in Madagascar; Coral Bay and Taganito in the Philippines; CTT in Morocco. —Gulley et al.

Supplies 307