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Business & Technology

BMW Makes Big Push For Electric Vehicles

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BMW Makes Big Push For Electric Vehicles

2019-11-22 06:03:391 Oct 2018 01:53 AM EST

Yahoo! reports that BMW will spend billions to secure batteries and drivetrains for its Electric Vehicles. BMW has announced its plans to make electric variants of all its most popular cars. That's in addition to high-end EVs like the upcoming all-electric i4 sedan. All of these cars will need batteries. The company has just inked a deal to secure its supply from manufacturers CATL and Samsung SDI. In 2021, the company plans to solidify its battery supply chain by reducing its dependence on these rare elements. BMW's fifth-generation electric drive trains produced without the use of rare earths.

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