English Translation: (Thanks to google of course) ;) In the race...

English Translation: (Thanks to google of course)

In the race to dominate the electric car market, BMW would be to secure an advantageous position compared to other car manufacturers. According to various statements by members of the company, BMW would be on the verge of signing agreements that would secure it for the next 5 to 10 years for lithium and cobalt supplies, elements necessary for electric car batteries. The names of the companies involved were not disclosed by Bmw, but, according to rumors of the Australian press, Galaxy Lithium, listed in Sydney, would sign an agreement on the lithium production of Sal de Vida, in Argentina. One of BMW's rival companies, Volkswagen, has been trying for years to secure supplies of lithium and in particular of cobalt. In September 2017 he announced that he had opened a tender to procure metal supplies, a "one of the biggest races in history", according to what Volkswagen said. The competition to secure the resources and worries that the supply may soon become insufficient has increased the prices of lithium and cobalt three times in two years. Germany's electric car manufacturers are focusing on the guarantee of supplies. According to Bloomberg New Energy Finance, in 2018 it will become the world's third largest market for plug-in hybrids and electric cars, surpassing Norway, the long-standing European leader . A few months ago, German rivals, BMW, Volkswagen, Ford Motor Co. and Mercedes Daimler decided to join forces to set up a fast charging network along the European motorways: the creation of an efficient charging network all the points of the territory is another objective of the producers of electric cars on which the competition for the "domination" of the market is played. Get updates on Electric cars Leave us your e-mail address: