PR97738

NINGDE, China, Sept. 9, 2022 /PRNewswire=KYODO JBN/ --

CATL and BMW Group announced today a multi-year agreement on the supply of

cylindrical battery cells to power the German carmaker's new series of electric

models of its NEUE KLASSE starting from 2025.

According to the agreement, CATL will deliver to BMW Group the new cylindrical

battery cells, which come with a standard diameter of 46 millimeters and will

be produced at two of CATL's future battery plants in China and Europe, each

with an annual capacity of up to 20 GWh dedicated to BMW Group.

Powered by CATL's new round cells, the sixth generation of BMW eDrive

technology used in the NEUE KLASSE is a major leap in EV technology with

regards to energy density, charging speed and range.

The agreement builds on the two companies' shared commitment to building a

sustainable and in future circular battery value chain. CATL will primarily

utilize renewable energies and secondary materials for the production of the

high-performance battery cells. Cobalt and lithium used for the new generation

of battery cells will be sourced from certified mines.

The combination of BMW Group's NEUE KLASSE architecture and CATL's top-notch

low-carbon battery technologies will enable both companies to maintain their

leading position in e-mobility transition in Europe and the world, marking

another important milestone for the special partnership between the two

companies with shared vision for a greener future.

"The BMW Group is a special and primary partner to CATL, and we are very glad

to expand our strategic partnership that has been forged and strengthened over

the past 11 years. With our diverse cutting-edge portfolio of products and

technologies, we are confident to offer the best solution to power BMW Group's

future-generation electric luxury vehicles," said Robin Zeng, founder and

Chairman of CATL. "We look forward to developing and delivering more

competitive and sustainable solutions for our partners to promote global drive

for e-mobility and energy transition."

"We are delighted that the BMW Group and CATL are expanding their successful

cooperation. We will continue our partnership for the next generation of

battery cells from 2025 onwards," said Joachim Post, member of the Board of

Management of BMW AG responsible for Purchasing and Supplier Network. "CATL is

a strong, dedicated partner that values sustainable action just as much as we

do. Our two companies will continue to lead the way in the future and are

clearly committed to sustainable, environmentally-responsible practices."

Source: Contemporary Amperex Technology Co., Limited