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.
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2026-10-01
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