In an interview with reporters today, Gao Le, President and CEO of BMW Group Greater China, said that in the Chinese market, BMW and CATL developed batteries together to fit BMW’s packaging process.
Gao Le said that whether it is investment or equity participation, it depends on the judgment of the future market. BMW currently maintains a good strategic cooperative relationship with CATL.
However, products under Spotlight, a joint venture between BMW and Great Wall, will use power batteries from downstream companies of Great Wall Motors.
CATL has been favored by first-tier auto companies such as Volkswagen and Hyundai, and received a large order of US$12.5 billion from Hyundai Motor in February.
According to SNE Research statistics, as a global supplier of electric vehicle batteries, CATL ranked first in the world with a supply of 4.3 gigawatt hours (GWh) in January this year, an increase of 166.2% over the same period last year, accounting for the global total. of 31.2%.