BMW Offered Chance To Invest Up To $427 Million In CATL
By Mark Kane BMW’s joint venture BMW Brilliance Automotive, which is expanding its battery pack business, selected CATL as the long-term battery supplier.
The Chinese manufacturer will receive 2.8 billion yuan ($419.29 million) prepayment for battery products, while BMW’s JV will have the right to participate in CATL’s future fundraising plans, up to 2.85 …read more
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