BMW Group steps up sustainable sourcing of lithium for battery cell production to ensure rapid e-mobility expansion

The BMW Group will be accelerating its expansion of e-mobility in the coming years. This will also increase the need for lithium, an important raw material for production of battery cells. For this reason, the company will source lithium from a second leading supplier, US-based Livent. The value of the multi-year contract will total around 285 million euros. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on.

  • Multi-year contract worth around 285 million euros with US company Livent
  • Responsible extraction of lithium in Argentina
  • Participating in study of sustainable lithium extraction in South America
  • Wendt: “Making ourselves technologically, geographically and geopolitically less dependent on individual suppliers”

Munich. The BMW Group will be accelerating its expansion of e-mobility in the coming years. By 2030, at least half the company’s global sales are expected to come from fully-electric vehicles. This will also increase the need for lithium, an important raw material for production of battery cells. For this reason, the company will source lithium from a second leading supplier, US-based Livent. The value of the multi-year contract will total around 285 million euros. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on.

Source: https://www.press.bmwgroup.com/global/article/detail/T0328669EN/bmw-group-steps-up-sustainable-sourcing-of-lithium-for-battery-cell-production-to-ensure-rapid-e-mobility-expansion