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BMW secures funding for EV battery aiming to rival traditional engine

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A BMW project centered around the development of a long-distance electric vehicle battery has been awarded £26.2 million ($36.07 million) in joint funding from industry and the U.K. government.

The Oxford-based project, called BMW-UK-BEV, is one of four to receive funding via the Advanced Propulsion Centre Collaborative Research and Development competition.

According to the APC, BMW’s project is focused on an EV battery “to rival the range of internal combustion engines.” It would, the APC said, look to “develop BMW Group’s largest battery pack to deliver superior performance at competitive costs.”

With the U.K. planning to stop selling new…



Source cnbc.com

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