Google Translate of separate article below. (Seems the customer tap will be turned on now and Should see PLS through to higher demand. )
Munich, Wiesbaden The carmaker BMW has ordered in the Chinese commodity group Ganfeng Lithium for 540 million euros. "With the contract signing we secure our lithium demand for battery cells," said purchasing director Andreas Wendt on Wednesday. The contract will run until the end of 2024.
"By 2023, we want to offer 25 electrified models, more than half of which are fully electric. Accordingly, the demand for raw materials is increasing, "said Wendt. Ganfeng dismantles the lithium in Australia.
For the upcoming fifth generation of battery cells, BMW will buy Cobalt itself from 2020 and will supply the raw materials to the battery cell manufacturers CATL and Samsung SDI. Cobalt will be sourced from mines in Australia and Morocco. The supply contracts guarantee security of supply until 2025, BMW announced.With the cells of the two Asian manufacturers BMW builds the batteries for its electric cars even in the plants Dingolfing, Spartanburg and Shenyang. By 2031, BMW has ordered battery cells for CATL for 7.3 billion euros and Samsung SDI for 2.9 billion euros.Subjects of the article
https://www.handelsblatt.com/unternehmen/industrie/elektromobilitaet-bmw-kauft-lithium-fuer-eine-halbe-milliarde-euro-in-china/25323160.html?share=twitter
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