BMW signs battery huge order with China’s CATL

BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology (CATL) the German carmaker. The deal will allow China’s biggest lithium battery maker to build a factory to produce cells for electric cars in Europe, BMW spokesman Glenn Schmidt said.
CATL is banking on a state-led Chinese drive to curb pollution from traditional combustion engines and increase the country’s presence in the overseas new energy vehicle (NEV) market.
BMW YoleCatl Yole

CATL is scouting potential locations for a battery production facility in Europe with the German state of Thuringia encouraging the Chinese manufacturer to use a site near Erfurt, in eastern Germany.

Last month, Daimler placed an order with CATL to buy electric car battery cells.