As part of its electromobility expansion, BMW has signed a 540m euro ($598m) supply contract with Ganfeng Lithium of Jiangxi province, China. The deal will guarantee 100% of the OEM’s lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries, according to the carmaker…
As part of its electromobility expansion, BMW has signed a 540m euro ($598m) supply contract with Ganfeng Lithium of Jiangxi province, China. The deal will guarantee 100% of the OEM’s lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries, according to the carmaker. ”Alongside cobalt, lithium is one of the key raw materials for electromobility. With the signing of this contract, we are securing our lithium needs for battery cells,” said Andreas Wendt, BMW management board member responsible for the purchasing and supplier network.
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