Albemarle and BMW sign new long-term lithium supply agreement
US specialty chemicals company Albemarle will supply battery-grade lithium to German carmaker BMW for use in its electric vehicles (EVs) starting in 2025 as part of a multi-year deal.
According to Albemarle, the agreement is "one of the company's largest ever globally, with significant volume and value." In addition to supplying BMW with lithium hydroxide, the two companies also hope to collaborate on safer, more energy-dense lithium-ion battery technology.
Eric Norris, President of Albemarle Energy Storage, said, "Albemarle is committed to building a more resilient world. We welcome the opportunity to partner with the BMW Group to further the clean energy transition."
This is the second supply agreement between the two companies, but the first includes mutual interests in research opportunities to accelerate lithium battery innovation.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-07-20
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
BASF Coatings and BMW Enter Aftermarket Partnership
-
BMW invested 2 billion euros to build a battery plant in Hungarian
-
LG New Energy plans to supply batteries for electric vehicles to Toyota
-
Clariant will promote plastic additives for electric vehicles
-
Longsheng promotes PA6 for electric vehicles
-
Ningde Times Yiwei Lithium Energy won the BMW battery contract
-
BASF and BMW Group Rely on Renewable Raw Materials for Bio-based Automotive Coatings
-
Will 2021 Be The Year Of Transformation Into New Energy? The Giants Enter a Period Of Accelerated Iteration
-
Future competition in China's automotive industry focuses on smart network connectivity
-
DuPont Adhesives strategically settled in Zhangjiagang
Recommend Reading
-
Novo Nordisk to Undergo Major Restructuring, Cutting 9,000 Jobs Worldwide
-
Saint-Gobain Expands Its Construction Chemicals Operations in Indonesia
-
OIL and IREL Sign MoU to Collaborate on Rare Earths and Critical Minerals
-
Indorama Corporation Acquires 100% Stake in Anyang Zhongying Fertilizer
-
LBB Specialties Expands Distribution Partnership with Clariant
-
Costs Rise, Demand Increases—January Isooctanol Prices Surge
-
Weak Cost Support for Melamine, This Round of Minor Price Increase May Not Last
-
Negative Factors Weighing Down, Palm Oil Prices Weak and Declining
-
Supply Increase Leads to a Rebound and Subsequent Decline in the Acrylonitrile Market in China
-
This Week's PVC Market Rises and Then Falls (2.2-2.6)