Posted: November 27, 2017
In yet another admission by BMW of the failure of its i brand EV initiative, the company has sold its 49 percent stake in SGL Automotive Carbon Fibers in Germany and SGL Automotive Carbon Fibres in the United States. Those two joint ventures supported the i3 and i8 models, but BMW will now apparently turn to a less expensive lightweight material as it continues to revamp its EV efforts.
Meanwhile, BMW has begun to play catch-up in battery cell capability, with the announcement that it is setting up a new competence center in Munich.
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