BMW bets on design and recycling, not mining, to lower battery costs

BMW battery module production Leipzig 2022.jpg — Production of battery-modules for high-voltage batteries at BMW's plant in Leipzig, Germany. Cells for the modules come from outside suppliers.

By:

Reuters

March 31, 2023 06:32 AM

BERLIN -- BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines, CFO Nicolas Peter said, setting the automaker apart from some competitors digging deep into the supply chain.

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