BMW is expecting electric car sales to double in the next 3 years. Image via BMW.
Business

BMW orders second expansion in electric car battery production

The German car manufacturer BMW revealed that due to tightening EU restrictions on combustion engines, it expected electric car sales to double in the period from 2019 to 2021, and has planned expansions in the electric car manufacturing sector. BMW has signed a 10 billion EUR contract for battery cells with Chinese manufacturer CATL and Samsung, and cobalt and lithium mining contracts in Australia and Morocco.

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Thu Nov 21 - Reuters

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