Tesla in Talks With BMW Over Car Batteries The car makers discuss a collaboration over car batteries and other parts.

By Reuters

This story originally appeared on Reuters

Reuters | Kim Kyung-Hoon
Tesla Motors' Model S P85 at its showroom in Beijing.

U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.

In an interview published on Sunday, Musk described BMW's production of carbon fibre reinforced car body parts as "interesting" and "relatively cost efficient."

BMW uses carbon fibres from its joint venture with materials supplier SGL to make reinforced passenger cell parts for its i3 electric hatchback and i8 plug-in hybrid sports car.

Officials at BMW were not immediately available to comment.

"We are talking about whether we can collaborate in battery technology or charging stations," Musk was quoted as saying in the interview.

A spokeswoman for Tesla in Germany later described the discussions as informal.

"The conversation between Elon Musk and BMW has been a casual conversation, and not about a formal cooperation," spokeswoman Kathrin Schira said.

There were no further details on the specific nature of the alliance, however BMW and Tesla executives already met in June to discuss the creation of charging stations usable for different types of electric cars.

Rival Daimler, owner of the Mercedes brand, said last month it would continue to collaborate with Tesla even after selling its remaining four percent stake in the U.S. company. Tesla has also worked with Toyota on electric SUVs.

Tesla's billionaire co-founder Musk also told Der Spiegel that he expects Tesla to have a battery production plant in Germany in five to six years.

(Reporting by Ludwig Burger; Editing by Clelia Oziel and Clara Ferreira Marques)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Money & Finance

How Much Money Do You Need to Retire Comfortably in Your State? Here's the Breakdown.

Regardless of where you spend your golden years, it pays to be realistic about the cost of living.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Money & Finance

Turn Simple Ideas Into Never-Ending Paychecks With This Low-Effort Passive Income Strategy

A micro-hustle lets you build once, sell forever and earn money while you sleep.

Money & Finance

Investing In Our Youth: The Financial Literacy Movement

The importance of financial literacy for children is paramount.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Coinbase CEO Says Company Won't Pay Hackers' Ransom

In a company blog post, Coinbase outlined how it planned to respond to a recent massive breach.