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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bayerische Motoren Werke AG | TG:BMW | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.22% | 92.66 | 92.48 | 92.62 | 93.98 | 92.22 | 93.18 | 50,452 | 18:19:34 |
By David Sachs
ElringKlinger said Friday that it secured a large, multiyear contract with BMW to supply cell-contact systems for the production of electric vehicles.
At 1121 GMT, shares in ElringKlinger were up 3% at EUR10.35, having risen as much as 4.9% on news of the contract.
The German auto supplier didn't release terms of the deal but said it is a high-volume contract covering a period of several years. ElringKlinger will invest in new machinery at a cost in the double-digit-million-euro range before production starts in 2025, it said.
The cell contact systems will be used in BMW's all-battery electric vehicle production platform scheduled to launch in 2025, ElringKlinger said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
May 05, 2023 07:41 ET (11:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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