By Mauro Orru

 

BMW AG said Wednesday that it would build a new plant in Germany for the production of lithium-ion battery cells in a push to establish a sustainable material cycle.

The German car maker said it would invest nearly 110 million euros ($128.9 million) for the facility in Parsdorf, near Munich, which is expected to enter service in late 2022. It will employ about 50 people.

"The new pilot plant will enable us to close the final gap in the value chain from battery cell development, to production of modules and powertrain components, all the way to installation of fully assembled high-voltage batteries at our vehicle plants," said Milan Nedeljkovic, member of the management board.

The company already has a battery-cell competence center in Munich which it opened in November 2019, focusing on research, development, battery cell composition, design, and large-scale manufacturing.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

July 29, 2020 09:25 ET (13:25 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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