BMW will purchase approximately 4 billion euros (US$4.7 billion) of power batteries from CATL

According to media reports, 'BMW will purchase 4.7 billion US dollars of batteries from Ningde era.' It is reported that BMW will purchase approximately 4 billion euros (4.7 billion U.S. dollars) of batteries from Ningde era to provide for the latter’s plan to establish a production base in Germany. The cornerstone. In this regard, CATL issued a clarification announcement on the evening of July 10, stating that the company’s approval of the German BMW Group’s fixed-point letter for related models does not mean that the company has signed an agreement with BMW that has a clear binding force on sales. In the future, the company will obtain purchases from BMW. The order volume and revenue formation time are still uncertain. Although Ningde’s official confirmation is only a fixed-point letter, on July 9th, the official WeChat account of Ningde Times released a message saying that Ningde Times has signed relevant investment intentions and will establish a battery production base in Erfurt, Thuringia, Federal Republic And intelligent manufacturing technology research and development center. Mo Ke, the chief analyst of True Lithium Research, told the 'Securities Daily' reporter that this will be a landmark event for China's power battery to go global, and it also reflects the rapid development and progress of China's power battery industry. BMW’s olive branch According to previous media reports, on July 9, BMW’s head of procurement Markus Duesmann stated at a press conference that BMW would purchase approximately 4 billion euros ($4.7 billion) of power batteries from CATL. The contract will be divided into two major orders. One is an order for batteries purchased from a Chinese factory, with a value of approximately 2.5 billion euros; the other is an order for batteries purchased from a German factory in CATL, with a value of approximately 1.5 billion euros. This part is mainly used for BMW The iNEXT electric model scheduled to be launched in 2021. However, CATL stated in its subsequent clarification announcement that the company obtained a designated letter from the German BMW Group (BMWGROUP, hereinafter referred to as 'BMW') on May 16, 2018, which stated that BMW purchased power battery products from the company. Clarified the company’s obligation to provide products for it, and demonstrated the possible demand for batteries for BMW related models in a certain period of time in the future. The estimated sales volume of related models corresponds to the battery demand of about 4 billion euros, but it did not It is clearly agreed that BMW will purchase battery products from the company. Merck believes that in any case, BMW's olive branch to the Ningde era means that the globalization of the Ningde era is progressing smoothly, and the future increase in overseas market share will be an important driving force for the company's performance growth. CATL’s first European investment stop in Germany, according to the official WeChat account of CATL, on the afternoon of July 9th, German time, CATL signed an investment agreement with the state government of Thuringia, Germany. According to the agreement, CATL will set up a battery production base and an intelligent manufacturing technology Ru0026D center in Erfurt, Thuringia, Federal Republic of Germany. It is reported that the Ningde era Thuringian battery production base will be constructed in two phases, mainly engaged in the research and development and production of lithium-ion batteries. It is planned to be put into operation in 2021. After it reaches production in 2022, it will form a production capacity of 14GWh, which is expected to provide about 600 local jobs. post. The products manufactured by the battery production base will be supplied to world-renowned car companies such as BMW, Volkswagen, Daimler, Jaguar Land Rover, and PSA. Zeng Yuqun, chairman of CATL, said: 'We chose Germany as our first investment in Europe. We hope to bring the world's most advanced power battery technology to Germany. By forming a localized power battery supply capacity in Europe, we can get closer to European customers, provide more timely and effective product solutions, and respond to customer needs better and faster. A person close to the company told the 'Securities Daily' reporter that the project will further improve the global strategic industrial layout of the Ningde era and promote the company's sustainable development. It is reported that CATL is accelerating its overseas deployment in recent years to maintain its competitive position. Since 2014, CATL has successively established subsidiaries in Germany, France, the United States, Canada, and Japan. In February 2017, CATL invested 30 million euros to participate in Finnish Valmet Automotive Co., Ltd. (Valmet Automotive Oy) and acquired 22% of the company's equity. Through the comprehensive layout of overseas acquisitions, overseas production bases, and global Ru0026D centers, CATL's globalization system in the CATL era has been improved. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: Advantages and disadvantages of ternary lithium batteries and lithium iron phosphate batteries