March 15, 2019 / 4:18 PM / 3 months ago

BMW applies for funds for battery cell research - spokesman

HAMBURG, March 15 (Reuters) - German luxury carmaker BMW has applied for state funding of research and development in the field of battery cells, a spokesman said on Friday, adding this does not mean the company aims to produce them itself.

Germany has earmarked 1 billion euros ($1.13 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.

The BMW spokesman said that the funding application would not necessarily lead to the carmaker participating in a consortium.

$1 = 0.8829 euros Reporting by Jan Schwartz; writing by Thomas Seythal; editing by Christoph Steitz

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