BMW drives to cut battery costs, share costs on autonomous vehicles
Securing cobalt from mines that don't exploit workers or employ children is key
. . . BMW management board member Klaus Froehlich said automakers and large suppliers are beginning to discuss how to agree on one standard for autonomous-vehicle systems. Froehlich has said in the past automakers and suppliers should agree on a single standard.
"Everybody has an interest or should have an interest" in common autonomous-vehicle standards, Froehlich said earlier this week during an event to show off a futuristic, electric and autonomous sport utility vehicle. . . .
On batteries, Froehlich said, BMW is pursuing a strategy aimed at securing lower-cost batteries than rivals, in part by controlling the supply of raw materials for its battery-making partners.
"We will have agreements with mining companies," Froehlich said. "We have one agreement. There will be more." A key issue, he said, is securing cobalt from mines that do not exploit workers or employ children. . . .