Thursday, 28 October 2021

BMW drives to cut battery costs

NEW YORK: BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters.

BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems. Froehlich has said in the past automakers and suppliers should agree on a single standard.

“Everybody has an interest or should have an interest” in common autonomous-vehicle standards, Froehlich said earlier this week during an event to show off a futuristic, electric and autonomous sport utility vehicle.

Froehlich made his comments before a report in Automotive News on Friday that Volkswagen AG is interested in an industry alliance to standardize autonomous vehicle systems.

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