BMW has sharply increased the amount of batteries it plans to buy from China’s CATL, underlining its expectations of strong growth in electric vehicle (EV) sales in the next decade.
BMW has sharply increased the amount of batteries it plans to buy from China’s CATL, underlining its expectations of strong growth in electric vehicle (EV) sales in the next decade.
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BMW will lead a consortium that is developing bidirectional charge management (BCM), a means to intelligently integrate electric vehicles into the energy system.
FCA plans to construct a battery assembly facility at its plant in Mirafiori, Italy. Preparations will begin in early 2020, with an initial investment of €50m (US$55.52m).
BMW is getting ready to build 100 prototypes of its iNext electric vehicle as the premium car maker develops and tests production processes for the important new model.
Tesla will build a car factory as well as an engineering and design center in the greater Berlin area, Elon Musk, CEO of the US electric car maker said Tuesday evening.
The merger attempt by FCA and PSA will be complicated but makes economic and operational sense, including for investing in technology and systems. Whether or not it goes ahead, more consolidation is likely as the automotive industry gears up for electrification
After Fiat Chrysler and the Renault called off talks earlier this year, FCA is now set to merge with PSA and form the world’s fourth-largest automotive group.
