BMW (BMWG.DE) has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd (CATL) (300750.SZ), allowing the company to build a factory to produce cells for electric cars in Europe, the German carmaker’s spokesman Glenn Schmidt said on Thursday.
CATL is scouting potential locations for a battery production facility in Europe with the German state of Thuringia encouraging the Chinese manufacturer to use a site near Erfurt, in eastern Germany.
Last month, Daimler (DAIGn.DE) placed an order with CATL to buy electric car battery cells.
Source: Reuters
