Wed. Oct 27th, 2021

BMW has received $36.07 million in collaborative financing from the sector and the UK government for a project based on the long-distance electric automobile battery production. The BMW-UK-BEV project, located in Oxford, is among the four that have been awarded financing through Advanced Propulsion Centre Collaborative Research and Development contest. As per the APC, BMW’s effort is focused on developing an EV battery that can “challenge the range of the internal combustion engines.” According to the APC, it would “build BMW Group’s greatest battery pack to achieve excellent performance at competitive costs,” according to the APC.

With the United Kingdom preparing to phase out new gasoline and diesel cars and vans by the year 2030, the development of technology that can extend the range of the electric vehicles will be essential. This will, among many other things, help to dispel myths about “range anxiety,” or the assumption that electric vehicles can’t travel great distances without running out of power and becoming stuck.

Separate from BMW, the other effective initiatives to get financing — a sum of £91.7 million — are Brunel, which is looking into hydrogen-fueled internal combustion engines (ICE); Celeritas, that deals with progression of the ultra-fast charging batteries; and the Reecorner, that deals with redesign of “light as well as medium-sized commercial electric vehicles,” as described by the government. The projects addressed “some pretty fundamental difficulties in the journey to the net-zero road transport,” according to Ian Constance, the APC’s chief executive.

“They tackle range anxiety and cost, which can be deterrents to consumers switching to electric vehicles, as well as potential remedies to the issue of decarbonizing public transportation and commodities movement.” BMW is among the several companies developing innovative battery designs and ideas. Panasonic and Toyota, for instance, have created Prime Planet Energy & Solutions, which is a joint venture.

The company, which started operations in April, says it specializes in the research and manufacture of “modern batteries that may be utilized time after time to time and at any place.” Renault recently announced that it had formed “two key agreements” relating to the design and production of the electric car batteries in 2021 June. In March, Volkswagen had declared a few months before that it planned to build six “gigafactories” in Europe by the close of the decade.