BMW invests $860M to construct new EV platform in North America

The subsequent-generation BMW electrical car household, codenamed Neue Klasse, will embrace North America as considered one of its manufacturing areas, with the automaker investing 800 million euros (roughly $860 million) to perform this objective.

The funds can be used to develop BMW’s car manufacturing plant within the Mexican state of San Luis Potos, the place the automaker presently manufactures the 2-Collection and 3-Collection.

The manufacturing unit will produce Neue Klasse EVs and batteries. As soon as the expanded plant is absolutely operational, it’s anticipated to create round 1,000 jobs with the primary electrical automobiles are anticipated to be constructed there in 2027.

BMW acknowledged that the Mexican plant has a excessive degree of flexibility, which is able to permit for under minor adjustments within the physique store and meeting to accommodate the Neue Klasse’s platform, which immediately integrates the battery into the car construction.

In response to BMW CEO Oliver Zipse, the primary Neue Klasse EV can be a sedan within the 3-Collection section, adopted by a sporty SUV. This suggests that the automobiles can be 3-Collection and X3 variants. BMW debuted the I Imaginative and prescient Dee idea on the 2023 CES in January to preview digital options that can be included within the Neue Klasse EVs. We’ll have to attend and see what number of options make it to manufacturing.

Associated