Tuesday 4 August 2020
BMW to spend €110m to build recyclable battery plant in Munich
BMW has announced plans to invest €110 million (£99m) in building a new recyclable lithium-ion battery cell pilot plant.
The project will be built in Parsdorf, near Munich, and is scheduled to start operation in late 2022.
The carmaker aims to develop a sustainable material cycle for battery cells to support the electrification of most of its models - the firm says a quarter of BMW Group vehicles sold in Europe should have an electric drive train by 2021.
Milan Nedeljković, Member of the Board of Management of BMW AG, said: "The new pilot plant will enable us to close the final gap in the value chain from battery cell development, to the production of modules and powertrain components, all the way to installation of fully assembled high-voltage batteries at our vehicle plants.
"This makes us the first car manufacturer to cover the entire process chain for electric driving."
The German Federal Ministry of Economic Affairs and the Bavarian Ministry of Economic Affairs, Regional Development and Energy is supporting the project within the framework of the European funding process Important Projects of Common European Interest (IPCEI).
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