BMW China sources revealed: will increase capital by 10 billion to expand projects in China

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In response to foreign media reports that the German BMW Group intends to stop the production of MINI electric vehicles at the Oxford plant in the UK and transfer the production line to China, in the early morning of the 18th, the BMW Group listed the next-generation MINI models to be produced at the Oxford plant, including the MINI Convertibles, etc., but there is no mention of electric versions of MINI’s next-generation models. On the same day, BMW China insiders revealed that BMW will invest another 10 billion yuan to expand its high-voltage battery production center in Shenyang and expand its investment in battery projects in China. The center is the BMW Group’s third worldwide and the first complete power battery center outside of Germany. (Global Times)
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