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News18 » Auto
1-min read

BMW to Invest $237 Million on New Battery Cell Centre

By producing battery-cell prototypes, BMW will be able to analyse and fully understand the cell's value-creation processes.

Reuters

Updated:November 25, 2017, 12:25 PM IST
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BMW to Invest $237 Million on New Battery Cell Centre
BMW logo. Image used for representational purpose. (Photo: Reuters)
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BMW will bundle its battery cell expertise in a new competence centre, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years.

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"By producing battery-cell prototypes, we can analyse and fully understand the cell's value-creation processes. With this build-to-print expertise, we can enable potential suppliers to produce cells to our specifications," BMW board member Oliver Zipse said in a statement.

"The knowledge we gain is very important to us, regardless of whether we produce the battery cells ourselves, or not."

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The centre will open in early 2019, BMW said.

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| Edited by: Ayushmann Chawla
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