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Dec 11, 2019CONTRACTGermany

BMW signs five-year lithium supply deal with Ganfeng Lithium

BMW signed a €540 million contract with China's Ganfeng Lithium to supply 100% of its lithium hydroxide needs for electric vehicle batteries from 2020 to 2024.

Value

$599.0M (540.0M EUR)

Status

Announced

Productslithium hydroxide

CompaniesBMW customer Ganfeng Lithium supplier

Sectors#Automotive Components

“The 540-million-euro ($599 million) contract with China's Ganfeng Lithium will provide '100 percent of (BMW's) lithium hydroxide needs' from 2020-24.”brecorder.com

1 source
brecorder.comBMW strikes five-year lithium deal for electric car batteries - Business & Finance - Business RecorderAFPDec 11, 2019

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

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BMW signs five-year lithium supply deal with Ganfeng Lithium · Endata