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BMW has no plans to produce its own electric vehicle batteries

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The BMW Tower photographed in Munich, Germany, on March 6, 2021.

Anne Czichos | iStock Editorial | Getty Images

The BMW Group has no plans to manufacture in-house electric car batteries, with the German automotive giant’s CEO telling CNBC that his firm had a robust network of suppliers to meet its demands.

“We have strong contracts with various battery manufacturers from China, from Korea, also from Europe, and that is a very strong network,” Oliver Zipse said.

“They will supply us with enough batteries for our ramp up for the next couple of years,” he added. “And for us, there’s no necessity to go into our own production.”

Zipse’s comments come shortly after German rival Volkswagen Group



Source cnbc.com

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