The Elements of Innovation Discovered
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In what has been series of moves toward expanding its electric vehicle lineup, BMW Group has signed a 2 billion euro (US$2.28 billion) long-term supply contract with Northvolt, a Swedish manufacturer with a mission to build the greenest rechargeable batteries in the world. Northvolt's commitment to sourcing 100% of the energy it needs to produce battery cells from wind and hydroelectric power generated in northern Sweden was a deciding factor for BMW as it looked for new...
BMW Group has secured a deal for 100 million euros worth of the sustainably sourced cobalt needed for the lithium-ion batteries that are powering its expanding line-up of electric vehicles. This important but oft-controversial battery metal will be acquired from Managem Group, a Moroccan mining company that produces cobalt, copper, fluorite, gold, silver, and zinc at its seven mines in Morocco and one in Sudan. The agreement with Managem will provide BMW with about 20% of its...
The BMW Group July 14 announced the world premiere of its the BMW iX3, a sports utility vehicle that provides drivers with an emission-free option for enjoying the comfort, multi‑faceted functionality, and spaciousness of the BMW X3. The iX3 is powered by the fifth generation of BMW's eDrive technology. The German automaker says this newest electric drivetrain represents the major progress it has made in terms of power density, operating range, weight, installation space r...