# BMW signs five-year lithium supply deal with Ganfeng

BMW signed a €540 million supply contract with Ganfeng Lithium to secure 100% of its lithium hydroxide needs for fifth-generation battery cells, covering the period through 2024.

- Type: Contract
- Announced: 2019-12-17
- Where: China
- Value: $598.0M (540.0M EUR)
- Status: completed
- Products: lithium hydroxide for battery cells
- 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

- [automotivelogistics.media](https://www.automotivelogistics.media/ev-and-battery/bmw-signs-five-year-lithium-deal-with-ganfeng/190693), 2019-12-17: "Alongside cobalt, lithium is one of the key raw materials for electromobility. With the signing of this contract, we are securing our lithium needs for battery cells"

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