Svolt Energy received an order to supply nearly 90 gigawatt-hours of battery capacity to BMW in Europe, according to local media citing industry sources. The estimated value of this order is approximately $13 billion. These batteries are expected to be used in BMW vehicles starting in 2027 and will be based on Svolt Energy’s short-blade cell technology, which will be introduced in a cell-to-pack (CTP) design.
Although neither Svolt Energy nor BMW have officially confirmed the agreement, the order is seen as a strategic step toward achieving the planned battery capacity of 160 gigawatt-hours that BMW is targeting this year. That capacity might not be met by already-confirmed cell partners CATL and Eve Energy alone. CATL and Eve Energy are currently building battery factories in Debrecen, Hungary. BMW is currently building the vehicle plant for the New Class at the same location.