By 2030, BMW wants electric vehicles to account for at least half of its total sales.
BMW is the latest automaker to announce plans to manufacture batteries for its electric vehicle lineup. According to Manager Magazin, the German luxury carmaker appears to be preparing to follow in the footsteps of Volkswagen Group, Mercedes-Benz, and General Motors in entering the battery manufacturing segment. This is a 180-degree shift from the automaker’s previous philosophy, which stated that battery technology is constantly evolving and that frequent changes in cell chemistry make it unfeasible to invest in a factory to build certain types of battery packs.
Now that the automaker wants to get into battery production, it plans to team up with partners to build five battery gigafactories around the world, all of which will be strategically located near where the automaker makes EVs to reduce logistics costs. Joachim Post, a member of BMW AG’s Board of Management, made this revelation.
For its EV battery manufacturing ambitions, BMW has been focusing on solid-state batteries. Solid-state batteries are said to be more energy efficient, have a longer range, have improved thermal efficiency, and have significantly better performance.
Joachim Post, speaking at the BMW Group’s Annual Media Conference, discussed the company’s battery production plans. “We will operate gigafactories in the future in the regions where we produce electric cars,” he said, without going into detail. CATL, Northvolt, and Samsung SDI are among the partners with whom the company has already signed agreements.
BMW wants to build a strong battery supply chain to support its electric vehicle lineup. BMW CEO Oliver Zipse has set a lofty goal for battery-powered electric cars to account for at least half of the company’s total sales by 2030. In the next decade, both its subsidiaries Mini and Rolls-Royce will go completely electric.