Sunday, April 14, 2024

BMW to be supplied with Tesla-like cylindrical batteries for new EVs

BMW will source large cylindrical batteries for its electric vehicles from a Chinese company. The batteries are of similar size and capacity to the ones produced by world’s largest EV maker Tesla.

BMW, the world’s largest automaker, reportedly collaborated with China’s EVE Energy to obtain huge cylindrical batteries for its electric vehicles sold in Europe. As a result of agreements between the two businesses, BMW now receives its battery cells primarily from the Chinese battery producer. BMW is currently aiming for larger batteries for increased range and performances in an effort to catch up with the leaders in the global EV industries, like Tesla. In the following three years, BMW intends to introduce a number of new electric vehicles to the European market.

The Chinese company will reportedly provide BMW with electric vehicle batteries that are comparable in size to those Tesla is currently developing. In an effort to lower production costs and extend the range of electric vehicles, the US-based EV manufacturer previously unveiled a larger-format 4680 cylindrical battery. A sizable cylindrical battery factory will shortly be established by the Chinese business.

The Chinese company will reportedly provide BMW with electric vehicle batteries that are comparable in size to those Tesla is currently developing. In an effort to lower production costs and extend the range of electric vehicles, the US-based EV manufacturer previously unveiled a larger-format 4680 cylindrical battery. A sizable cylindrical battery factory will shortly be established by the Chinese business.

BMW is anticipated to receive a comparable level of support from CATL, the largest battery manufacturer in the world, starting in 2025. With a 100 gigawatt-hour annual capacity, CATL’s cylindrical battery manufacturing facility in Hungary will be the largest on the continent and the company’s first in Europe. Mercedes-Benz, not BMW, will be CATL’s largest client. The factory is located in the same location where BMW will build a plant to make electric vehicles.

Besides the German luxury carmakers, the Chinese company also supplies batteries to Xpeng.

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