BMW teams with Sweden's Northvolt, Umicore for EV batteries

16. Oktober 2018 - autoblog

BMW teams with Sweden's Northvolt, Umicore for EV batteries

BMW teams with Sweden's Northvolt, Umicore for EV batteries

STOCKHOLM - German carmaker BMW has created a vehicle battery recycling venture with Belgian materials and recycling firm Umicore and with Northvolt, which is building a battery factory in Sweden.

The venture aims to design and commercialize a "closed life cycle loop" to give vehicle batteries a second life as storage products before recycling the raw materials, the companies said.

European governments want to encourage the domestic battery industry to combat Asian rivals such as BYD, CATL, Samsung and LG Chem, which are building a dominant position in what's expected to be a $290 billion market for EV batteries.

BMW, which has supply deals with Samsung and CATL, said it could source batteries from Northvolt in future but said it was too early to sign any deal with the firm, which is building a plant that aims to produce 32 gigawatt hours (GWh) of battery capacity a year by 2023.

"We have this consortium because we see great potential, and Northvolt could be another supplier of battery cells for us," BMW spokesman Niklas Drechsler said.

He said Northvolt had to "build up and ramp up their battery cell production" before any supply deal could be reached.

Northvolt, which has to raise 1.2 billion to 1.5 billion euros ($1.4 billion to $1.7 billion) in debt and equity this year to build an initial 8 GWh of capacity, wants to deepen its relationship with BMW.

"We obviously hope this is the first step of a long partnership," Northvolt spokesman Jesper Wigardt said, adding that Northvolt has applied to one of its existing financiers, the European Investment Bank, for a loan of 400 million euros.

In its recycling venture with Northvolt and Umicore, BMW said it had made an initial investment of an undisclosed amount and would provide its expertise in battery cell development.

Umicore will be responsible for active anode and cathode materials development and recycling.

Nachrichten per Tags

AbgasskandalALFA ROMEOAlpineAston MartinaudiAudi a6audi e-tronAudi Q4Audi Q4 e-tronAudi R8Audi Rs3Audi S3AutobahnBadenbatteryBentleybikeBMWBMW 2 seriesBMW 4 Seriesbmw i3BMW i4BMW ix3BMW M2BMW M3BMW M4BMW x6BMW x7BoschBrabuscampercamper vanChinaCitroencoronaviruscustom carDaciaDacia DusterDaimlerDetroit Auto ShowDeutschlandDiebstahldieselDiesel scandaldieselgateDonald Trumpdrag raceDucatiE-AutoE-AutoselectricElektroautoElektroautosEUEuropaEuropeevFerrariFeuerwehrFeuerwehreinsatzFiatFordFord Mustang Mach-EFORMEL 1FranceFrankfurt Motor ShowGeneva Motor ShowGermanyGrazhondaHybridHyundaiHyundai Ioniq 5Hyundai KonaItalienJaguarjobsKärntenKiaKroatienKTMLamborghiniLand RoverLinzManMaybachMazdaMazda 3MclarenMecedesMeidlingMercedesMercedes C-ClassMercedes EQCMercedes S-classMiniMITSUBISHImotorcycleMotorrädMotorräderMünchenNiederösterreichNissanÖAMTCOBERÖSTERREICHÖFFENTLICHER VERKEHROpelOpel CorsaOpel MokkaOsterreichParkenParkpickerlPARKPLATZParksheriffPeugeotPeugeot 208Peugeot 308polizeiPOLIZEIEINSATZPorschePorsche 911Porsche CayennePorsche CaymanPorsche MacanPorsche PanameraPorsche TaycanrecallRED BULLRenaultRETTUNGSalzburgSCHWECHATSeatSkodaSkoda FabiaSkoda Octaviasmartspy shotsST. PÖLTENStauSTEIERMARKSteyrStrafeStraßenverkehrsupercarsSUVSwedentarifftaxitechnologyTeslaTesla model 3Tesla Model XTesla Model YtestTirolToyotatrade wartuningUberUKUnfallUnited StatesURLAUBUSAVerkehrVERKEHRSSICHERHEITVerkehrsunfallVienna AutoshowvignetteVolkswagenVolkswagen GolfVolkswagen ID.4Volkswagen PassatVolkswagen TiguanVolkswagen TransporterVolvoVWVW BeetleVW GolfVW ID.3VW TouaregVW TransporterWWien