BMW Moves Closer to Developing Lower-Cost Battery Cells
- Carmaker aims to halve battery cost, increase range by 30%
- Sample production lets BMW span cell’s value-creation chain
BMW AG’s Vision Neue Klasse concept car at the Munich Motor Show in Munich, Germany, in September.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
BMW AG is moving one step closer to its aim of developing lower-cost battery cells for its new generation of electric vehicles due in 2025.
The carmaker on Thursday kicked off production of cell samples at its new facility near Munich that will play a key part in powering its Neue Klasse EV lineup with lower-cost batteries. Producing the samples in-house, rather than relying on external suppliers, allows BMW to span the cell’s entire value-creation chain, the company said.