 "BMW will invest $ 237 million on battery cell centre over the next four years")
BMW will bundle its battery cell expertise in a new competence centre, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years. [caption id=“attachment_3902169” align=“alignleft” width=“380”] Reuters[/caption]
“By producing battery-cell prototypes, we can analyse and fully understand the cell’s value-creation processes. With this build-to-print expertise, we can enable potential suppliers to produce cells to our specifications,” BMW board member Oliver Zipse said in a statement.
“The knowledge we gain is very important to us, regardless of whether we produce the battery cells ourselves, or not.”
The centre will open in early 2019, BMW said.
End of Article
 "‘I’d love to do it’: Trump refuses to rule out third term — despite constitutional limit")
 "What is the ‘Golden Fleet’ of navy ships that Trump wants to counter China with?")
 "‘Ramayan country’: Why Trinidad and Tobago wants to build a large Ram temple")
 "How China's rare earths choke changed America's trade deals")
 "‘I’d love to do it’: Trump refuses to rule out third term — despite constitutional limit")
 "What is the ‘Golden Fleet’ of navy ships that Trump wants to counter China with?")
 "‘Ramayan country’: Why Trinidad and Tobago wants to build a large Ram temple")
 "How China's rare earths choke changed America's trade deals")
