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Albemarle will provide BMW Group with lithium for EV batteries

March 26, 2024

Albemarle Corporation has entered into a multi-year agreement with BMW Group to supply battery-grade lithium.

This agreement, set to begin in 2025, is one of Albemarle’s largest global contracts and involves a significant volume and value. The partnership will not only provide BMW Group with lithium hydroxide for their high-performance, premium electric vehicles (EVs), but will also involve collaboration on technology for safer and more energy-dense lithium-ion batteries.

This marks the second supply agreement between Albemarle and BMW Group, but it is the first to include a shared interest in research opportunities aimed at accelerating lithium battery innovations.

Albemarle Energy Storage President Eric Norris commented on the partnership, stating, “Albemarle is committed to building a more resilient world. We welcome the opportunity to work alongside the BMW Group to further enable the clean energy transition.”