TLTP
BERLIN
German carmaker BMW has announced that it has entered a long-term supply contract with Swedish company Northvolt for battery cells worth 2 billion euros. “To make an effective contribution to climate protection, we aim to improve our products’ overall environmental balance from resources to recycling,” said Oliver Zipse, chairman of the board of management of BMW. The battery cells would be produced from 2024 onwards in Europe at the Northvolt giga-factory currently under construction in northern Sweden. BMW and Northvolt would source the required cobalt and lithium from mines that would fulfill sustainability standards of both companies. “Northvolt is the third battery cell supplier we have partnered with, alongside our existing partners, CATL and Samsung SDI. Signing this contract is another step towards meeting our growing need for battery cells in the long term,” stated Andreas Wendt.
