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BMW Bayerische Motoren Werke AG

92.66
-0.20 (-0.22%)
18:19:34 - Realtime Data
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

ElringKlinger Shares Rise on BMW Contract for EV Production

05/05/2023 12:56pm

Dow Jones News


Bayerische Motoren Werke (TG:BMW)
Historical Stock Chart


From May 2022 to May 2024

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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.

1 Year Bayerische Motoren Werke Chart

1 Year Bayerische Motoren Werke Chart

1 Month Bayerische Motoren Werke Chart

1 Month Bayerische Motoren Werke Chart