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BMW Group: All Core Steps of Sixth-Gen Battery to Be Fully Localized in China
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BMW Group has announced that all core processes involved in the production of its sixth-generation power battery will be fully localized in China. This strategic move underscores the company's commitment to deepening its manufacturing and supply chain presence in the Chinese market, which is a key region for electric vehicle production and adoption. The localization covers every critical step of the battery's development and manufacturing, reflecting BMW's efforts to enhance efficiency, reduce costs, and secure supply chains amid global competition and geopolitical uncertainties. The announcement was reported by RTRS via tradealpha, indicating a significant step in BMW's electrification strategy in China.
Source report
BMW Group has announced that all core processes related to its sixth-generation high-voltage battery will be fully localized in China.
The move underscores the company's commitment to deepening its presence in the Chinese market and strengthening its local supply chain for electric vehicle components.
Source
rtrsNeutral / independent