BMW: Close To 10-Year Lithium + Cobalt Supply Deal — Is This Just A Response To News That Tesla Is Locking In Supply Deals?

BMW: Close To 10-Year Lithium + Cobalt Supply Deal — Is This Just A Response To News That Tesla Is Locking In Supply Deals?

Following the unofficial news that Tesla’s now in talks with the Chile-based lithium mining firm SQM about securing long-term lithium supplies, a BMW exec has now been quoted by Germany’s Frankfurter Allgemeine Zeitung as saying that a 10-year supply contract for lithium and cobalt for BMW was now close to being signed. Coincidence? Considering that the German auto firms seem to release fluff PR statements anytime Tesla is in the news, I’m inclined to think that it’s not a coincidence. Perhaps BMW has finally gotten things together with regard to battery material supplies, though. Perhaps they just felt an […]