BERLIN (Reuters) – BMW, which reported document model gross sales in 2021 and is optimistic it has hit the highest finish of its 9.5-10.5% revenue estimate, stays cautious of bringing battery cell manufacturing in-house too quick, its finance chief stated on Thursday.
The carmaker, which buys battery cells from CATL, Samsung and Northvolt, amongst others, is constructing one pilot plant to produce its personal cells however will not scale up till battery know-how has developed additional, Nicolas Peter stated in an interview with Reuters.
“We are usually not but on the level the place we are able to say what know-how will accompany us for the subsequent 10-15 years,” he stated. “That’s why it is vital to make investments a whole lot of assets with worldwide companions in battery cell improvement.”
“We have secured our wants for the subsequent few years very properly with the companions we have.”
(Reporting by Victoria Waldersee and Christina Amann, Editing by Miranda Murray)
