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BMW Group awards battery cell supply contracts worth over EUR 10 billion · Endata

◂ Announcements

Nov 21, 2019CONTRACT

BMW Group awards battery cell supply contracts worth over EUR 10 billion

BMW Group increased its order with CATL to EUR 7.3 billion and signed a EUR 2.9 billion supply contract with Samsung SDI for battery cells for fifth-generation electric drive trains, with deliveries from 2021.

Value

$11.2B (10.2B EUR)

Status

Announced

Productsbattery cells for fifth-generation electric drive trains

CompaniesBMW customer Samsung SDI supplier Contemporary Amperex Technology Limited supplier

Sectors#Automotive Components

“In this way, we are securing our long-term battery cell needs.”newsroom.bmwgroup.com

1 source
newsroom.bmwgroup.comBMW Group forges ahead with e-mobility and secures long-term battery cell needs – total order volume of more than 10 billion euros awardedNov 21, 2019

Summarized from public sources; check the original articles before acting on it.

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