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Nov 21, 2019CONTRACT

BMW increases battery cell orders with CATL and Samsung SDI

BMW increased its battery cell order volume with CATL to EUR 7.3 billion (from EUR 4 billion) for the period 2020-2031, and signed a EUR 2.9 billion contract with Samsung SDI for fifth-generation electric drive trains.

Value

$11.3B (10.2B EUR)

Status

Announced

Productsbattery cells

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.”marketwatch.com

1 source
marketwatch.comBMW increases battery cell order volume - MarketWatchNov 21, 2019

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

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BMW increases battery cell orders with CATL and Samsung SDI · Endata