BMW to Build Lithium-Ion Battery Cell Plant in Germany
29 Juillet 2020 - 03:40PM
Dow Jones News
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)
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