BMW Group invests in US based lithium extraction technology startup Lilac Solutions
BMW Group’s purchasing department plans to source lithium directly from the mines and make it available to the battery cell suppliers
To promote environment-friendly, resource-efficient extraction of lithium required for its large-scale electric vehicle plans, the BMW Group, through its venture capital fund BMW i Ventures, is investing in an innovative process developed by the US-based lithium extraction technology startup, Lilac Solutions, the German automaker said in a press release on 6 October.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here