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"The decision is a major milestone along the way to serial production of the Megacity Vehicle," said Norbert Reithofer, Chairman of the Board of Management of BMW AG.
"The battery is a key component in any electric vehicle - it determines the range and performance of the car. With SB LiMotive we have selected a supplier who offers the best available technology, combining leading German automotive expertise with future-oriented Korean battery know-how," Reithofer concluded.
BMW has not released any other specific details or photos on the Megacity project.
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