BMW Teams Up With Umicore and Northvolt for Sustainable Batteries
October 15 2018 - 6:21AM
Dow Jones News
By Max Bernhard
German car maker BMW AG (BMW.XE), Belgian materials-technology
and recycling company Umicore SA (UMI.BT) and Swedish battery
company Northvolt are teaming up to develop a sustainable life
cycle for batteries used in electric vehicles, the companies said
in a joint statement Monday.
"The project is seeking to press ahead with the sustainable
industrialization of battery cells in Europe and the associated
acquisition of skills, from cell chemistry and development through
to production and ultimately recycling," they said.
The partners said they plan to focus on developing recyclable
battery cells that can be manufactured by using mostly renewable
energy.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 15, 2018 07:06 ET (11:06 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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