BMW Orders batteries worth over €10 Billion from CATL and Samsung
BMW Orders batteries worth over €10 Billion from CATL and Samsung The electric revolution seems to be in full swing. Even though some manufacturers – BMW included – are still considering hydrogen as a potential alternate to ICE cars as well, customers are demanding more EVs than ever and their demands will have to be met. Last year BMW announced the signing of its biggest battery order in history from Chinese manufacturer CATL but today, that milestone was overshot, yet again.
BMW announced an order volume increase to €7.3 billion from CATL alone, with an additional order of €2.9 billion from Samsung SDI. These batteries will be done to BMW’s specifications and will be used for fifth-generation electric drive trains from 2021 out. Initially, BMW announced a deal with CATL worth €4 billi...