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BMW set to agree additional deals with mining firms to reduce EV battery costs

September 17, 2018

According to BMW’s Head of Research & Development, the firm is also open to form alliances to split the costs of creating autonomous-vehicle systems.

It is anticipated that automakers and large suppliers have started to discuss how to decide on one standard for autonomous-vehicle systems.

“Everyone has an interest or should have an interest in common autonomous-vehicle standards,” said management board member, Klaus Froehlich.

The firm has begun to explore a strategy that prioritises acquiring lower-cost batteries than its competitors by operating the supply of raw materials for its battery-making partners.

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