The Elements of Innovation Discovered
The Elements of Innovation Discovered
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In a move to secure the lithium needed to power its e-mobility aspirations, BMW Group has entered into a deal with Livent Corp. to supply roughly US$335 million (285 million euros) worth of this vital battery metal beginning in 2022. BMW Group plans to have about a dozen fully electric models on showroom floors and expects that battery EVs will make up more than half of its total sales by 2030. As a result, the German luxury automaker expects to deliver roughly 10 million EVs...
In what has been series of moves toward expanding its electric vehicle lineup, BMW Group has signed a 2 billion euro (US$2.28 billion) long-term supply contract with Northvolt, a Swedish manufacturer with a mission to build the greenest rechargeable batteries in the world. Northvolt's commitment to sourcing 100% of the energy it needs to produce battery cells from wind and hydroelectric power generated in northern Sweden was a deciding factor for BMW as it looked for new...
BMW Group has secured a deal for 100 million euros worth of the sustainably sourced cobalt needed for the lithium-ion batteries that are powering its expanding line-up of electric vehicles. This important but oft-controversial battery metal will be acquired from Managem Group, a Moroccan mining company that produces cobalt, copper, fluorite, gold, silver, and zinc at its seven mines in Morocco and one in Sudan. The agreement with Managem will provide BMW with about 20% of its...
Scientists at Karlsruhe Institute of Technology (KIT) in Germany have developed a patent-pending process for what may be a cost-effective and environmentally friendly way to extract lithium from the geothermal waters on the German and French sides of the Upper Rhine Trench. Lithium, a key ingredient in the batteries powering electric vehicles, renewable energy storage and a plethora of rechargeable electric devises. This battery metal is primarily recovered from South...
The BMW Group July 14 announced the world premiere of its the BMW iX3, a sports utility vehicle that provides drivers with an emission-free option for enjoying the comfort, multi‑faceted functionality, and spaciousness of the BMW X3. The iX3 is powered by the fifth generation of BMW's eDrive technology. The German automaker says this newest electric drivetrain represents the major progress it has made in terms of power density, operating range, weight, installation space r...
The envisioned green future where every North American is driving a battery-powered electric vehicle charged with renewable energy could be undermined by cobalt, a somewhat scarce and controversial metal that makes lithium-ion batteries better. "Cobalt is considered the highest material supply chain risk for electric vehicles in the short and medium term," the U.S. Department of Energy penned in an April report. This risk has automakers, lithium-ion battery manufacturers, and...
