BMW receives 60 million euros for battery research

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The funding is part of a 1.5 billion federal program that is co-financed by the federal states, in this case by Bavaria with a share of 30 percent. Bareiß pointed out that German automakers wanted to sell ten million electric vehicles annually by 2030. “It is therefore of great interest to us that we create our own innovations and value-added networks in battery cell production,” said the CDU politician.

“Battery research is a key high-tech topic in Bavaria and Germany,” said Aiwanger. “This funding will decisively strengthen research and development as well as the build-up of mass production of lithium-ion cells.”

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