BMW has said it will
not be investing in the lithium-ion gigafactory race that many other automakers
are, choosing instead to work with partners as battery technology develops.
Unlike Volkswagen or GM, which have both announced
ambitions for 240 gigawatt-hours of battery production by 2030, or Mercedes and Tesla, which are building Germany-based gigafactories for
battery production, BMW says that battery technology is changing too fast for
an investment into specific facilities right now to make sense.
In the meantime, BMW is
investing in solid state battery builders Solid Power, which it's already been
working with. At the start of May, it announced a joint investment into Solid
Power, along with Ford and Volta. Ford then subsequently announced, following
the F-150 Lightning's reveal, that it
will be making batteries to the same capacity
tune as GM or Volkswagen's promised 240GWh by 2030 in the United States. BMW
says, though, in a landscape where battery technology will change radically
over the next decade, it's too early to call that.
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