German automaker BMW Group announced on Tuesday that LG New Energy and Samsung SDI have signed an agreement with the BMW Group to supply high-voltage batteries for their vehicles starting in the late 2020s. BMW said in a press release that under the agreement, LGES and Samsung SDI will each produce sixth-generation batteries at their production sites in the US and Europe. BMW did not disclose a specific delivery schedule.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.