All posts tagged BMW

As it ramps up electric-car production, BMW has inked a battery-supply deal with Sweden’s Northvolt. BMW plans to buy 2 billion euros ($2.3 billion) of batteries from Northvolt beginning in 2024. Batteries will be manufactured at a factory currently under construction Skelleftea, Sweden, which will use 100% renewable energy, according to a BMW press release. Northvolt is also building a battery factory in Salzgitter, Germany, as part of a partnership with the Volkswagen Group announced in May. That factory is also scheduled to start producing batteries in 2024. The new deal will make Northvolt BMW’s third primary global supplier for Read more