Nissan Max-Out Convertible Concept Unveiled At Nissan Futures Event

More

Mercedes-Benz GLE Gets New PHEV Powertrain, Fresh Look

More

2024 Mazda CX-90 Plug-in Hybrid SUV Unveiled

More

Audi Activesphere Concept is luxury crossover that turns into a pickup

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

BMW Buys 15% Stake in SGL Carbon SE

BMW AG bought a 15.16 percent stake in German producer of carbon and graphite products SGL Carbon SE.

With the acquisition, BMW aims to strengthen its focus on lightweight construction and the use of carbon fibre reinforced plastics or CFRP in automobile manufacture.

BMW didn’t disclose the financial details of the transaction and said that it’s not seeking a seat on SGL’s supervisory board.

BMW is a second German automaker in nine months to invest in the world’s largest maker of carbon and graphite products, strategic materials for the car industry. Volkswagen AG announced it bought an 8.2 percent stake in SGL in March.

The BMW Group and the SGL Group already operate a joint venture. The SGL Group holds 51% and the BMW Group 49 % of shares in the joint company, SGL Automotive Carbon Fibers.

The two partners have built a new state-of-the-art carbon fibre manufacturing plant together in Moses Lake in Washington State in the U.S. The new plant plays an important part in the two companies’ strategy to automate the production of ultra-light carbon fibre reinforced plastics (CFRPs) for use in future vehicle concepts.

The carbon fibres produced in Moses Lake are being processed at facilities in Wackersdorf and Landshut. Wackersdorf delivers textile fabrics made from carbon fibres, which are then being processed at the BMW plant in Landshut to make lightweight CFRP body components for the BMW i3 and BMW i8. Both vehicles will be assembled at the BMW plant in Leipzig.

The BMW i3, the BMW Group’s first series-produced electric vehicle, will be released on the market in 2013, followed by the BMW i8 sports car shortly afterwards.

Nov 19, 2011Blagojce Krivevski
car2go Launched in San DiegoMitsubishi i, Chevrolet Volt Top 2012 Fuel Economy Guide
You Might Also Like
 
BMW Group Research unveils innovative concepts for cargo bike and e-scooter
 
Final Update: September 2016 PLug-in Vehicle Sales
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

November 19, 2011 Electric Car Newsbmw, bmw i3, bmw i8, carbon fiber, sgl carbon se
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Volkswagen launches ID.4 campaign in collaboration with Marvel Studios’ Ant-Man and The Wasp: Quantumania
February 3, 2023
Honda to launch next-generation fuel cell system by mid-2020s
February 2, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Volvo Cars reports January sales – 40.7% market share of electrified cars
February 3, 2023
Polestar and Luminar expand partnership to include Polestar 5
February 3, 2023
XPENG Launches G9 SUV And P7 Sedan For Europe
February 3, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.