Desktop Metallic receives $7.9 million order from German carmaker. BMW? »
Desktop Metallic (NYSE: DM) acquired a $7.9 million order for binder jet additive manufacturing programs from a serious German carmaker for the mass manufacturing of steel automotive powertrain elements at scale. Contemplating the BMW was (and is) amongst Desktop Metallic’s first traders through its BMW i Ventures, that Volkswagen is actively working with HP, and that Daimler Benz (Mercedes) has achieved quite a lot of work with EOS, we guess (and we stress the phrase “guess”) that the main German carmaker is BMW.
“We’re proud to be working with quite a few main, international automotive OEMs to develop their adoption of additive manufacturing for the sequence manufacturing of end-use automotive elements,” stated Ric Fulop, Founder and CEO of Desktop Metallic. “This milestone order is proof of the efficiency and economics that make our binder jetting options probably the most superior on the planet and a testomony to our groups who’ve been working tirelessly to assist make the imaginative and prescient of mass manufacturing through additive manufacturing a actuality.”
Desktop Metallic gives high-throughput additive manufacturing options for the mass manufacturing of end-use elements, with help for a complete and various supplies library with greater than 250 supplies throughout metals, composites, polymers, ceramics, biocompatible supplies, sand, wooden, and elastomers. The corporate has a quickly rising buyer base throughout industries corresponding to automotive, healthcare and dental, shopper merchandise, aerospace, and extra, supported by a staff of over 1,350 devoted staff throughout the globe.
By the way, BMW Group is within the information at this time for an additional main milestone (circuitously associated to AM), because it delivered the one-millionth electrified car, with plans to double BEV gross sales in 2022 and about two million absolutely electrical automobiles to be delivered to clients by 2025. The BMW Group launched two technological flagships available on the market in mid-November: the BMW iX and the BMW i4. Each fashions have been very properly acquired by its international clientele – as evidenced by new orders from around the globe.
Over the following 12 months, the BMW Group will develop its electrified product line to incorporate all-electric variations of the BMW 7 Collection and BMW X1. The BMW 5 Collection will be part of the electrical portfolio in 2023. The brand new all-electric variations of the MINI Countryman and Rolls-Royce Specter will comply with. By 2023, the Group will have the ability to rely on not less than one purely electrical mannequin in roughly 90% of its present market segments. Over the following ten years or so, the BMW Group expects to place a complete of round ten million absolutely electrical automobiles on the street.
AM, particularly steel binder jetting, is seen as a key expertise to provide light-weight elements and elements that may assist prolong the EV vary.
