Samsung and BMW Sign MoU For Supply Of Batteries

The German automobile manufacturer BMW and the Korean electronics manufacturer, Samsung have signed a MoU (memorandum of understanding) to expand their relationship for the supply of battery cells.

Samsung SDI will provide BMW with battery cells for the BMW i3, BMW i8 and any cars that will be manufactured in the future. The most important feature of the MoU is that there will be more batteries supplied than before and further development in terms of technology for the battery cells.

Dr. Klaus Draeger, who is a member of the Board of Management of BMW AG, who is responsible for Purchasing and Supplier Network, said that BMW's partnership with Samsung SDI is a good example of successful Korean-German cooperation on innovative technologies. Since the battery is a key component in every electric vehicle, it basically determines the range and performance capabilities of the car.

Also Read: Fiat Engines To Power Maruti Suzuki

Sang-Jin Park, the CEO of Samsung SDI said he is very proud that Samsung SDI supports the success of the BMW i3 and i8.

Another important thing about this choice is BMW considers the suitability of lithium-ion battery cells for environmentally-friendly production which Samsung do.

The batteries required for the BMW i3, BMW i8 and any other future cars are built in the state-of-the-art, ultra-modern assembly line at the BMW plant. The cells are the only parts that are supplied.

This continuation of the partnership confirms the success of BMW i series of cars. The customer demand for the BMW i3 is high. In addition, in the first half of 2014, the BMW Group already sold around 5,400 BMW i3 cars. The demand for the i8 is also higher than what the company had planned.

The BMW Group relies on a total of 20 different South Korean suppliers. This Asian country will be one of the biggest purchasing markets for the BMW Group in the future, specially for innovative IT technologies.

DON'T MISS: VIDEO OF THE DAY