Car and motorcycle maker BMW Group has signed a ?,?2 billion ($2.28 billion) contract with Swedish battery maker Northvolt to secure a stable supply of battery cells for its fleet of electric vehicles (EVs), the German company said on Thursday July 16.
The contract is for battery production starting from 2024 at the Northvolt gigafactory currently under development in Skelleftea, northern Sweden."Northvolt is the third battery cell supplier we have partnered with, alongside our existing...