BMW Wants To Dominate EV Battery Industry By Commercializing...| MENAFN.COM

Friday, 07 October 2022 06:36 GMT

BMW Wants To Dominate EV Battery Industry By Commercializing Cylindrical Batteries


(MENAFN- Investor Brand Network)

The global electric vehicle market is currently dominated by Tesla. After unveiling the first mass-market electric car more than a decade ago, Tesla has gone on to become the largest electric vehicle maker on the globe, selling more than 2.5 million units worldwide.  However, the Texas-based company's dominance has been threatened by the entrance of new companies into the EV segment, most of them established automakers with decades of experience and millions of sales under their belts.

BMW is one such automaker looking to surpass companies such as Tesla by leveraging cylindrical battery designs in its electric cars. Batteries are without a…

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