ONE, BMW sign agreement to demonstrate EV with 600-mile range

Michigan-based energy storage company Our Next Energy (ONE) has signed an agreement with BMW Group to incorporate ONE’s Gemini Dual-Chemistry battery technology into the BMW iX all-electric sports activity vehicle. This technology reduces lithium use by 20% while reducing graphite use by 60% and minimizing the use of nickel and cobalt.

BMW i Ventures, the Silicon Valley-based venture capital arm of the automaker, is an investor in ONE and recently led a $65 million funding round. "Our Next Energy is working to fundamentally reinvent the battery while focusing on sustainability, safety, and cost; three key factors which will help speed the development and adoption of battery electric vehicles," said Baris Guzel, partner at BMW i Ventures.