The BMW Group is expanding its regional supply chain for battery materials in North America to achieve efficiency, reduce CO2 emissions, and mitigate geopolitical unrest. Umicore, a Belgian company, will provide cathode active battery material to BMW's battery cell supplier AESC in South Carolina from their new plant in Ontario, Canada. This move strengthens BMW's regional supply chain and supports their goal of having at least half of all newly sold cars be fully electric by 2030. Umicore's plant in Ontario utilizes state-of-the-art technology and is committed to achieving net-zero CO2 emissions by 2035. The BMW Group is investing heavily in a "local for local" approach to secure high-voltage battery production and reduce the carbon footprint.
Frequently Asked Questions
Q: What is the goal of the "Local for local" strategy at BMW Group?
A: The goal of the "Local for local" strategy at BMW Group is to strengthen their battery cell supply chain. The company aims to purchase battery cells for its electric vehicles where they are produced, emphasizing regional supply chains. This helps ensure a more localized and efficient production process. Source
Q: Who is providing battery cells for BMW Group in North America?
A: The Belgian company Umicore is providing battery cells for BMW Group in North America. They are a battery cell supplier for BMW Group's supplier AESC. Source
Q: Where will the cathode raw materials for BMW Group's battery cells in North America be manufactured?
A: The cathode raw materials for BMW Group's battery cells in North America will be manufactured in Canada. Source
Q: What is the investment amount by BMW Group to expand its manufacturing capacity and strengthen the supply chain?
A: BMW Group is investing $1.7 billion to expand its manufacturing capacity and strengthen its regional supply chain. Source