While Jaguar does not have a production electric car, and Ford and BMW have already advanced in the field, the claimed company insider claims that the three companies would be interested in this deal because it would reduce manufacturing costs for electric vehicle batteries.
Jaguar has previously confirmed it wants to build an all-electric production car, and Ford is eyeing the launch of the Model E, another EV.
Meanwhile, BMW already has electric vehicles in its portfolio, and it keeps expanding the range with new variants. However, the deal would help each of the three parties reduce costs by reducing reliance on specialized battery suppliers and having their factory.
The new facility should be active by the end of this decade to suit the goals of each automaker. Meanwhile, the industry leader in electric vehicles still uses third-party suppliers to obtain its batteries.
Tesla Motors uses batteries from Panasonic, and has introduced new partners in this field in the form of LG Chem and Samsung SDI. Three suppliers are reportedly providing cells to the automaker from California.
On the other hand, BMW has a deal with Samsung for its accumulators. The batteries for the Ford Focus Electric come from LG Chem, a subsidiary of LG. In the meantime, Jaguar does not have a disclosed battery supplier, since the company has yet to manufacture an electric vehicle or announce a deal in this direction.
Panasonic, LG Chem, Samsung SDI, and SK Innovation are South Korea’s leading battery suppliers. The former three companies are the top three battery makers, and their capacity is shown by the contracts signed with Tesla Motors, a demanding OEM.
If Jaguar does not sign the claimed deal with BMW and Ford, a rumor that we take with a grain of salt, the British brand would probably choose one of the three South Korean suppliers.