# 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.

- Type: Contract
- Announced: 2019-12-11
- Where: Germany
- Value: $599.0M (540.0M EUR)
- Status: announced
- Products: lithium hydroxide
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BMW](https://endata.com/companies/13009.md) (customer)
- [Ganfeng Lithium](https://endata.com/companies/43865.md) (supplier)

## Sources

- [brecorder.com](https://www.brecorder.com/news/552296), 2019-12-11: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.