BMW Significantly Increases Use of Low-Carbon Steel in European Car Production

• (PLX AI) - BMW Group significantly increases use of low-carbon steel in series production at European plants.
• • BMW Group has now signed a corresponding agreement with Salzgitter AG for delivery of low-carbon steel
• • The steel will be used in standard production of cars at the BMW Group's European plants from 2026 onwards
• • With this move, the BMW Group is expanding its sourcing of low-carbon steel to two suppliers
• • The aim is to use low-carbon steel to meet over 40% of demand at its European plants by 2030, thereby reducing CO2 emissions by up to 400,000 tonnes per year
• • The BMW Group also signed an agreement with Swedish startup H2 Green Steel in October of last year