BMW places billion euro order with Chinese battery producer CATL
German car company BMW has placed an order worth over one billion euros with Chinese battery producer CATL, BMW CEO Harald Krüger told Handelsblatt in an interview. “CATL will open a factory in Europe,” Krüger added. In a separate press release, BMW said it will increase its efforts to use car production plants for stabilising the power grid. The plants in southern Germany, “together with other highly flexible plants in our company, will contribute to the public grid’s stability.” The plants can provide the grid with the operating reserve to bridge oscillations in renewable power production, which according to BMW “helps pave the way to the CO2-free electric mobility of the future.”
See the CLEW factsheet Early e-car starter BMW plans new mobility sprint for more information.