BMW wary of bringing in-house batteries despite rising sales

BERLIN - BMW will not scale up with its battery electric car cell production until the technology is further developed, the German company said on Thursday, adding that it will take a more cautious approach than some rivals, despite the brand's record sales in 2021. has been  Automakers that are excited to hit an estimated 9.5%-10.5% margin cap by 2021 are currently buying battery cells from CATL, Samsung, Northvolt, etc., but have their own pilot plant. i am building  "We have firmly secured our partners' needs for years to come, adding that BMW will not be in a hurry to expand its cellular production," Chief Financial Officer Nicolas Peter told Reuters. ,  "We are not yet at the stage where we can say what technology we will have for the next 10 to 15 years," he said. "That's why it's important to invest a lot of resources with partners around the world in the development of battery cells."     Manfred Schoch, the head of the Labor and Business Council, called on BMW to increase battery power, secure supplies and create jobs.  German rival Volkswagen when Daimler both invest directly in battery cell makers.  Daimler, which owns 33 percent of the automotive cell company, said in July that it plans to build eight gigafactories with its partners to make battery cells.  By the end of the decade, Volkswagen plans to work with partners to build six cell plants in Europe, including: Chinese Goshan Hi-Tech and Northvolt holding a 20% stake.  Peter said BMW is working on building battery assembly sites at all of its factories, but is relying on partners for the cells.  output and margin  Reported by Reuters following Peter's remarks, BMW's share price hit a six-year high of €99.3 and settled at €98.9 shortly thereafter, but still slightly above the daily opening price. From 97.7 . I am.  The carmaker has removed seats from Daimler for the first time in five years as a premium manufacturer with the most number of vehicles sold in 2021 compared to Daimler's 2.05 million units.  Daimler CEO Ora Calenius has said that he wants to increase prices and increase profit margins, rather than prioritizing high-priced delivery over maximizing sales.  BMW, Global Chip Lack Due to our close relationships with our suppliers, we are a bit more cautious on margins than our competitors, such as Volkswagen's Daimler and Audi, which expect margins of 9% to 11% in 2021. Huh.  Still, Peter said the transition to BMW electric cars is proceeding faster than it was a few years ago, with sales more than doubling last year and book orders more successful than ever.  BMW made an early foray into electric vehicles but its portfolio lags behind some competitors, but a spokesperson said it plans to add Saturday shifts at its Munich plant from April to meet demand. Saying.

BERLIN - BMW will not scale up with its battery electric car cell production until the technology is further developed, the German company said on Thursday, adding that it will take a more cautious approach than some rivals, despite the brand's record sales in 2021. has been

Automakers that are excited to hit an estimated 9.5%-10.5% margin cap by 2021 are currently buying battery cells from CATL, Samsung, Northvolt, etc., but have their own pilot plant. i am building

"We have firmly secured our partners' needs for years to come, adding that BMW will not be in a hurry to expand its cellular production," Chief Financial Officer Nicolas Peter told Reuters. ,

"We are not yet at the stage where we can say what technology we will have for the next 10 to 15 years," he said. "That's why it's important to invest a lot of resources with partners around the world in the development of battery cells."

Manfred Schoch, the head of the Labor and Business Council, called on BMW to increase battery power, secure supplies and create jobs.

German rival Volkswagen when Daimler both invest directly in battery cell makers.

Daimler, which owns 33 percent of the automotive cell company, said in July that it plans to build eight gigafactories with its partners to make battery cells.

By the end of the decade, Volkswagen plans to work with partners to build six cell plants in Europe, including: Chinese Goshan Hi-Tech and Northvolt holding a 20% stake.

Peter said BMW is working on building battery assembly sites at all of its factories, but is relying on partners for the cells.

output and margin

Reported by Reuters following Peter's remarks, BMW's share price hit a six-year high of €99.3 and settled at €98.9 shortly thereafter, but still slightly above the daily opening price. From 97.7 . I am.

The carmaker has removed seats from Daimler for the first time in five years as a premium manufacturer with the most number of vehicles sold in 2021 compared to Daimler's 2.05 million units.

Daimler CEO Ora Calenius has said that he wants to increase prices and increase profit margins, rather than prioritizing high-priced delivery over maximizing sales.

BMW, Global Chip Lack Due to our close relationships with our suppliers, we are a bit more cautious on margins than our competitors, such as Volkswagen's Daimler and Audi, which expect margins of 9% to 11% in 2021. Huh.

Still, Peter said the transition to BMW electric cars is proceeding faster than it was a few years ago, with sales more than doubling last year and book orders more successful than ever.

BMW made an early foray into electric vehicles but its portfolio lags behind some competitors, but a spokesperson said it plans to add Saturday shifts at its Munich plant from April to meet demand. Saying.

No comments:

Please do not comment any spam links here, Thank you!

Powered by Blogger.