BMW Says It Is Ready To Openly Share Battery Technology To Drive Down Costs

To gain economies of scale, BMW is open to sharing with rival automakers the electric-vehicle battery cell technology it co-developed with Samsung SDI.

BMW purchasing boss Klaus Draeger said sharing the technology would reduce the cost of the battery cells -- the most expensive part of an electric vehicle.

"If Mercedes called us, we would be happy to find a way with Samsung SDI to supply them with battery cells," he said.

BMW said it plans to increase orders of battery cells from its exclusive supplier Samsung SDI by "at least" 20 to 30 percent in 2016 from its 2014 level.

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MorePower - 7/15/2014 2:42:35 PM

+1 Boost

It's funny how BMW had to mention that Samsung made the batteries for Apple products and the LaFerrari in their press-release.

Tesla's still seem to have greater range on electric only power.

Terry989 - 7/15/2014 3:39:44 PM

+1 Boost

Didn't Tesla already make this offer some months ago?