BMW batteries deal with CAT short-circuits EU
BMW has placed a “billion euro” order for electric vehicle batteries from China— because the firm ‘can’t wait’ for Europe to build a battery cells industry, according to its chairman.
Harald Krüger’s (pictured) announcement of a deal with Chinese lithium battery giant Contemporary Amperex Technology (CATL) is the clearest signal yet that Germany could break ranks with the EU over plans to create a European Batteries Alliance to compete with Asia.
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