BMW to invest £600m in UK factory to produce Mini electric cars

News on September 12, local time on Monday, German automaker BMW said it would invest 600 million pounds (approximately US$750 million) in a British factory to make the Mini brand fully electric by 2030.

The local industry has faced years of uncertainty ahead of Brexit. However, BMW's investment in the British factory will inject new vitality into the local automotive industry

It is reported that BMW plans to start in 2026 in The Mini plant in Oxford, England, produces two electric vehicles, the Mini Cooper three-door car and the Mini Aceman compact crossover. BMW production chief Milan Nedeljkovic said that from 2030 Starting next year, BMW's UK factory will focus on producing electric cars, with plans to export many models to global markets

In an interview in Oxford, Nedelkovic said the company hoped the new models produced in the UK would Using batteries made in Europe, it was not clear whether these batteries would come from the UK. BMW has previously announced that it will also produce the above two models in China and begin exporting to overseas markets in 2024.

UK Business Secretary Kemi Badenoch said: “We want car manufacturing not just to stay in the UK but to be the best in the world. This is part of the story. ”

Badnock declined to comment on what subsidies BMW would receive for producing the Mini. Reports suggest BMW will receive £75m in subsidies.

BMW also plans to invest in a body parts factory for Mini brand cars in Swindon, England. When talking about the BMW engine factory in Hams Manor, England, Nedelkovic said that it is not appropriate to make premature predictions about future development

The BMW Mini model was first launched in 1959. Smaller and affordable. Since BMW revived the Mini brand in 2001, it has been popular with consumers. However, the future of the BMW Mini in the UK has been uncertain for years. There are fears that Brexit will lead to companies moving production capacity elsewhere in the world

UK and European car manufacturers are calling for a delay in the implementation of post-Brexit "rules of origin". According to this regulation, starting from 2024, electric vehicles sold in the EU market must have at least 45% of their components from the UK or the EU to avoid the imposition of tariffs

Badnock said: "The EU's The automobile industry is very busy." He said that more time is needed to develop local production capacity

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