The BMW Group is accelerating its development for the battery technology of the future, thereby supporting the ramp-up of a European cell and battery value chain. In this context, Oliver Zipse, Chairman of the Board of Management of BMW AG, today received a grant decision from the Federal Minister of Economics and Energy, Peter Altmaier, as well as from the Bavarian Minister of State for Economic Affairs, Regional Development and Energy, Hubert Aiwanger, in support of the BMW Group's battery projects within the framework of the battery IPCEI (Important Project of Common European Intertest).

For the BMW Group, it is clear that high-performance and sustainable energy storage systems are the key success factor for the individual mobility of the future. The development of highly innovative and sustainable battery cells is therefore one key element of a high-performance European cell and battery value chain.

This aspiration is reflected in the Neue Klasse, which the BMW Group first presented at its annual conference in March. This new generation of vehicles, which will be launched by the middle of this decade, will be uncompromisingly electric, digital, circular – and clearly focused on all-electric drivetrains.