The BMW Group will be accelerating its expansion of e-mobility in the coming years. By 2030, at least half the company’s global sales are expected to come from fully-electric vehicles. This will also increase the need for lithium, an important raw material for production of battery cells. For this reason, the company will source lithium from a second leading supplier, US-based Livent. The value of the multi-year contract will total around 285 million euros. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on.
The BMW Group already signed a contract for the procurement of lithium from hard-rock deposits at Australian mines back in 2019. Now, the company is broadening its supplier base and additionally sourcing lithium from Argentina, where the raw material is obtained from brine from salt lakes. Livent employs a method that emphasises sustainable water use and minimises the impact on local ecosystems and communities. The company will also contribute important data to the study of sustainable lithium mining initiated by the BMW Group.
The BMW Group sources critical raw materials like lithium and cobalt directly from producers and makes them available to its battery cell suppliers. In this way, the company creates complete transparency over the origin and mining methods of the material.