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The leading manufacturers of electromotive batteries and their plants are located in Asia. This fact creates difficulties for European companies, especially if they need more supplies for their new hybrids. BMW has decided to change its strategy by removing the problem by concluding an agreement with the Chinese brand CATL. The name is an abbreviation of Contemporary Amperex Technology Ltd. and the financial parameters of the agreement reach $ 4.7 billion
. Their plans provide that BMW buys a large portion of the CATL battery in Erfurt, East Germany. Additional supplies are also planned for the company's new electric cars, which will come from their Asian facilities, CNet reported. The obtaining of the materials needed for production will be the commitment of CATL. The final price will be reduced by negotiating lower fees for the purchase of materials such as cobalt and lithium
Analysts believe that with this agreement, BMW will try to take a significant advantage over other automakers German. We do not yet know who will be the first model of the company that uses CATL batteries and when it will launch its sales to the market. Obtaining a sufficient number of components for future BMW hybrids is a very important factor on which their industrial strategy depends
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