BERLIN (Reuters) – German carmaker BMW (BMWG.DE) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) (300750.SZ) and Samsung SDI (006400.KS). BMW said it had boosted its order with CATL to 7.3 billion euros from an original booking announced in mid-2018 that
Volkswagen contracted Samsung SDI as one of several battery manufacturers, but now decreases the anticipated order from the South Korean supplier According to unofficial media reports, Volkswagen is making changes to its EV battery supply plans by decreasing the anticipated volume from Samsung SDI. The German manufacturer contracted several suppliers, including: Europe: LG Chem, Samsung SDI and SK Innovation China: CATL North America: SK Innovation Samsung SDI was expected
SEOUL/BEIJING, Dec 20 (Reuters) – For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since