BMW Orders More Than 10 Billion Euros' Worth Of Battery Cells

German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co and Samsung SDI.

By Carandbike Team

1 mins read

Published on November 21, 2019

Follow us on

Story

Highlights

German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI. BMW said it had boosted its order with CATL to 7.3 billion euros from an original booking announced in mid-2018 that was worth 4 billion euros. It said the contract would last from 2020 to 2031. BMW said it had also signed a battery supply contract with Samsung SDI worth 2.9 billion euros, valid from 2021 to 2031.

# BMW # BMW EV # BMW electric car # BMW batteries # Auto Industry # Electric Cars # Electric Mobility

Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.

Great Deals on Used Cars

View All Used Cars

Explore More

Latest News
Related Articles

Having ditched the XUV300 name, Mahindra’s subcompact SUV continues with two petrol engine options, as well as a 1.5-litre diesel engine; available in a total of nine trims.

Mahindra XUV 3XO Launched At Rs 7.49 Lakh; Gets Level 2 ADAS, Dual-Zone Auto AC

The new automatic variant slots between the base and range-topping automatic variants.

Toyota Rumion G Automatic Launched At Rs 13 Lakh

Xiaomi took a little over a month to reach this production milestone.

Xiaomi Rolls Out 10,000th SU7 Electric Sedan

The 3XO is essentially the heavily revamped version of the XUV300, which will sport an all-new design and is expected to get a range of new features

Mahindra XUV 3XO Launch Highlights: Price, Features, Specifications, Images

The 2024 Force Gurkha will be offered in both 3- & 5-door versions. Bookings opened for a token of Rs. 25,000 and the launch will happen in the first week of May 2024.

Force Gurkha Bookings Open At Rs. 25,000; Launch In Early May

Mahindra is all set to launch the refreshed XUV300, now rebranded as the XUV 3XO.

Mahindra XUV 3XO Launch Today: Here's What To Expect From The Facelifted Subcompact SUV

The new Gen3 Evo will make its entry into Formula E next season and the upgrades promise faster acceleration times, charging and more

Formula E Reveals Gen3 Evo Race Car, Set To Debut In 2025

Reigning three-time world champion Francesco Bagnaia claimed his third consecutive victory at the Circuito de Jerez Angel Nieto

MotoGP: Bagnaia Beats Marquez After Battle For The Win In Jerez

The discounts are only applicable on units of the C40 Recharge manufactured in 2023, and are only valid till stocks last

Volvo C40 Recharge Now Available With Discounts Of Up To Rs 2 Lakh

The NS400 will be the most powerful iteration of the Pulsar to date upon its launch on May 3

Bajaj Pulsar NS400 Spied Ahead Of May 3 Launch