BMW to spend $237 million on battery cell center

This build-to-print expertise can enable potential suppliers to produce cells to their specifications


Reuters November 25, 2017
The logo of BMW before the company's annual news conference in Munich, southern Germany, March 21, 2017. PHOTO: REUTERS

BMW will bundle its battery cell expertise in a new competence center, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years.

'Robo-taxis' hold promise, and perils, for automakers

“By producing battery-cell prototypes, we can analyse and fully understand the cell’s value-creation processes. With this build-to-print expertise, we can enable potential suppliers to produce cells to our specifications,” BMW board member Oliver Zipse said in a statement.

“The knowledge we gain is very important to us, regardless of whether we produce the battery cells ourselves, or not.”

Elon Musk unveils Tesla’s first electric truck

The center will open in early 2019, BMW said.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ