trending Market Intelligence /marketintelligence/en/news-insights/trending/a3kNi4catgoGRYGjw-fV9w2 content esgSubNav
In This List

BMW signs lithium supply deal with Ganfeng

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Essential Metals Mining Insights November 2021


BMW signs lithium supply deal with Ganfeng

Bayerische Motoren Werke AG on Dec. 11 signed a five-year supply agreement with China's Ganfeng Lithium Co. Ltd. to secure the lithium needed to produce its battery cells.

The move is part of the German carmaker's electromobility expansion and supports its plan to have 25 electrified models by 2023, with more than half to be pure electric.

The projected order volume totals €540 million. By 2025, BMW expects to need about seven times the amount it does today.

The contract will run from 2020 to 2024.