CATL to build its first European electric vehicle battery factory in Germany

Contemporary Amperex Technology Ltd.

Chinese battery maker Contemporary Amperex Technology (CATL) is going to build its first production site in Europe in Germany, agreeing a significant contract with BMW to provide lithium-ion batteries. The lack of Europe’s own production capabilities for the cells that power electric vehicles has prompted warnings that it could leave its vehicle industry exposed and […]

BMW to cut 1 billion euros in indirect expenses

BMW M2 M Performance Edition

BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily. A BMW representative confirmed the figure. The German automaker’s indirect procurement costs total up to about 20 billion euros yearly, however BMW needs to make savings so the company can […]

BMW to Look For Compensation From Bosch for Auto Production Disruption

2017 BMW M4 CS

BMW will look for compensation from Robert Bosch GmbH after missing out on parts for models consisting the bestselling 3-Series sedan caused production interruptions in Germany, China and South Africa. An absence of steering gears provided by Bosch, the world’s biggest vehicle parts provider, suggests there’s only limited car production at different German plants, while […]