German automaker BMW AG prepares more deals with mining companies to secure electric vehicle battery materials, and is open to establishing alliances to share the expenses of developing autonomous-vehicle systems, the automaker’s research and development chief informed Reuters. BMW management board member Klaus Froehlich stated automakers and large providers have started to discuss how to
German automaker BMW will boost research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) in 2018 as part of motivation to bring 25 electrified models to market by 2025. The Munich-based maker of BMW, Rolls-Royce and Mini vehicles stated that regardless of higher spending it aims group
BMW and China’s Baidu will end their joint research on self-driving cars and trucks, executives for the two companies said on Friday, with Baidu now looking for new international research partners. Wang Jing, the head of autonomous vehicle development at Baidu, informed Reuters the company was now utilizing vehicles from Ford’s Lincoln in its U.S.