BMW seeks more cost-shar­ing al­liances

New Straits Times - - BUSINESS -

NEW YORK: Ger­man lux­ury ve­hi­cle maker BMW AG plans more deals with min­ing com­pa­nies to se­cure elec­tric ve­hi­cle bat­tery ma­te­ri­als, and is open to form­ing al­liances to share the costs of de­vel­op­ing au­ton­o­mous-ve­hi­cle sys­tems, said the car­maker’s re­search and de­vel­op­ment chief .

BMW man­age­ment board mem­ber Klaus Froehlich said car mak­ers and large sup­pli­ers are be­gin­ning to dis­cuss how to agree on one stan­dard for au­ton­o­mous-ve­hi­cle sys­tems. Froehlich has said in the past car­mak­ers and sup­pli­ers should agree on a sin­gle stan­dard.

“Ev­ery­body has an in­ter­est or should have an in­ter­est in com­mon au­ton­o­mous-ve­hi­cle stan­dards,” said Froehlich ear­lier this week dur­ing an event to show off a fu­tur­is­tic, elec­tric and au­ton­o­mous sport util­ity ve­hi­cle.

Froehlich made his com­ments be­fore a re­port in Au­to­mo­tive News on Fri­day that Volk­swa­gen AG is in­ter­ested in an in­dus­try al­liance to stan­dard­ise au­ton­o­mous ve­hi­cle sys­tems.

On bat­ter­ies, Froehlich said BMW was pur­su­ing a strat­egy aimed at se­cur­ing lower-cost bat­ter­ies than ri­vals, in part by con­trol­ling the sup­ply of raw ma­te­ri­als for its bat­tery-mak­ing part­ners.

“We will have deals with min­ing com­pa­nies,” said Froehlich. “We have one agree­ment. There will be more.”

BLOOMBERG PIC

BMW AG is pur­su­ing a strat­egy to se­cure lower-cost bat­ter­ies than ri­vals, in part by con­trol­ling the sup­ply of raw ma­te­ri­als for its bat­tery-mak­ing part­ners.

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