BMW invests 1.3 billion in China for the production of electric cars and batteries

BMW has announced an investment of 1.3 billion euros to produce its future range of electric cars and associated batteries in China from 2026. “The integration of the new class into our production in China is associated with the creation of a high-voltage battery assembly.” “The new line for the next and then sixth battery generation will make a significant contribution to the further electrification of our portfolio and thus to the success of our company,” said Milan Nedeljkovic, Member of the BMW Board of Management and Head of Production in Shenyang, China.

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The investment is made by the Chinese joint venture BMW Brilliance Automotive, which was founded in 2003 to set up production in China, where the German group has been present since 1994. This is intended to create 2,000 jobs in China in addition to the group’s current 30,000 employees.

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Like its German competitors, China is also the world’s largest market for electric vehicles for BMW. As for future targets, the group hopes that EV sales will account for half of its global deliveries by 2030. BMW already produces its own electric batteries at the Shenyang site and in three of its German factories. Three more battery plants are planned in Hungary, Mexico and the USA.

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