Just about every automaker on the planet is increasing its electric vehicle production to some degree in 2023, and BMW Group is no exception. In fact, BMW seems to be on a serious push to
try to take more of the EV market. Naturally, it must know that its survival, and certainly its success, in the coming decade depends on how well and how quickly it electrifies its fleet. The news this month is that it is investing €800 million into production facilities at a Mexico factory for production of fully-electric NEUE KLASSE models as well as battery assembly. These EV elements of the factory, Plant San Luis Potosí, are estimated to create 1,000 new jobs.
BMW is also investing in production capacity increases in the US. At its Spartanburg, South Carolina, factory, the German automaker is investing $1 billion into expanded production facilities for EVs. It’ll be going from almost nothing in the way of fully electric cars to production of 6 electric car models by 2030. It’s also investing $700 million into a nearby battery production facilities in Woodruff, South Carolina.
Of the €800 million being invested in the Mexico factory for EVs, €500 million is going to be invested in the battery production side of things. Clearly, BMW is happy with the production output and operations of this new-ish factory. “At the plant, which went on-stream in 2019, around 3,000 employees already produce the BMW 3 Series, 2 Series Coupé and the new M2– in some cases, exclusively for the global market.
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