BMW seeks more cost-sharing alliances
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.”
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.