Securing raw material supplies for battery cells: BMW Group signs supply contract with Ganfeng for sustainable lithium from mines in Australia
(WorldNews Germany)

Munich. As part of its electromobility expansion, the BMW Group is deepening its existing business relationship with Ganfeng Lithium Co., Ltd. based in Jiangxi (China). The two companies have signed a supply contract for the lithium needed as a key raw material for battery cells. `The projected order volume totals 540 million euros. In this way, the BMW Group is securing 100% of its lithium hydroxide needs for fifth-generation battery cells in its high-voltage batteries,` said Dr. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. The contract is for a term of five years (2020 - 2024). `Alongside cobalt, lithium is one of the key raw...