Ann: Institutional Placement Raises $5.2 Million, page-43

The BMW Group and Northvolt will commonly source the cobalt and lithium needed as key raw materials for cell production from mines that fulfil the high sustainability standards of both companies. This ensures full transparency of the origin of raw materials at any time. Compliance with environmental standards, respect for human rights and reducing the carbon footprint are top priority. “Sustainability is an important aspect of our corporate strategy and plays a key role in expanding electromobility,” emphasised Wendt. The BMW Group will also no longer use rare earths in its fifth-generation electric drive trains from 2021 on.