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The German giant BMW has signed a huge deal with the Chinese battery manufacturer Amperex Technology (CATL) worth $ 5 billion.
Markus Deusman, the BMW dealership, announced that the builder would pay 4 billion euros.
The agreement comes after BMW has announced that it is actively investing in its own battery cell development, which demonstrates the company 's desire to provide key elements of the battery. other manufacturers.
The agreement also serves as a vow of Chinese know-how in making the best battery cells at a good price.
CATL will open its German factory in the Thuringian region, and in the first phase of the project it will invest about 240 million euros. The company plans to be a battery supplier for all major European automakers, and if the Turingian project is successful, there are plans for other factories in the "Old Continent".
BWM is currently buying batteries from two different manufacturers, but considering the possibility and collaboration with a third party.The Germans are currently negotiating with no less than eight manufacturers
(b92)
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