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LITHIUM and cobalt from Australia will be used by German car giant BMW in fifth-generation battery cells for high-voltage batteries under a contract signed between BMW and Chinese lithium miner Ganfeng late last year.
BMW's fifth generation electric powertrain technology
The five-year contract is worth about $873 million.
According to BMW's Dr Andreas Wendt, the signing secures BMW all the lithium hydroxide it needs for the battery cells.
By the third year of the deal the volume will increase to 10,020t of SpG and 10,020t of fines.
Siemens to honour Adani contract
