10 Jul '18, 3pm

BMW, Volkswagen To Get EV Batteries From CATL Factory In Germany

BMW, Volkswagen To Get EV Batteries From CATL Factory In Germany

On July 9, German prime minister Angela Merkel and Chinese Prime Minister Li Keqiang met to sign an agreement that will bring a CATL battery factory to the east German city of Erfurt. CATL, which stands for Contemporary Amperex Technology Ltd, is China’s largest battery manufacturer. BMW has already signed up to buy over $1.7 billion worth of batteries from CATL to power its upcoming electric cars for the European market — the electric MINI and an upcoming four door electric limousine. BMW will also purchase batteries worth nearly $3 billion from CATL for the electric vehicles it produces in China.

Full article: https://cleantechnica.com/2018/07/10/bmw-volkswagen-to-ge...

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