BMZ orders $1 billion worth of Samsung Li-ion cells for European EVs

Samsung SDI High-performance 18650 battery

Battery system manufacturer BMZ is launching a long-term cooperation with Samsung SDI, and plans to order just under $1 billion worth of Li-ion cells over the next five years.

BMZ says its European automotive customers will double their EV production volumes in the coming year, and is responding by expanding manufacturing capacity of its Li-ion battery systems.

BMZ is headquartered in Germany, with production facilities in China, Poland and the US, as well as offices in Japan and France.

 

Source: BMZ via Green Car Congress