BMW Group has announced that it will be producing Neue Klasse BEVs, electric vehicles, and battery packs in Mexico. This is part of the company’s effort to meet the demands of the growing EV market. The production facility located in San Luis Potosi, Mexico will focus on manufacturing Neue Klasse BEV models including the BMW i3 and iX models. The battery packs produced at this facility will power both these models as well as other EVs produced by BMW Group’s automobile brands. This announcement marks a major step in BMW Group’s commitment to sustainability and responsible production processes. Read on to learn more about this new project and its potential impacts on the automotive industry.
BMW will produce Neue Klasse BEVs in Mexico
In an effort to speed up the production of electric vehicles, BMW will produce Neue Klasse BEVs in Mexico. The move will also help the company save on battery costs.
The German automaker has been working on electric vehicles for some time now and it plans to launch its first all-electric car, the i3, later this year. The i3 will be followed by the i8 hybrid sports car in 2014. Both cars will be built at BMW’s Leipzig plant in Germany.
Now, it has been announced that the company will produce Neue Klasse BEVs in Mexico. The decision was made in order to take advantage of lower production costs in the country. Additionally, Mexico has a large supply of lithium, which is used in electric car batteries.
BMW plans to invest $US1 billion in a new factory near San Luis Potosi that will build both Neue Klasse BEVs and their batteries. Production is expected to start in 2019 and reach full capacity by 2021. The facility will create around 1,500 jobs.
This move by BMW is part of a larger trend among automakers to shift some electric vehicle production to Mexico. Audi, Nissan, and Volkswagen are all planning to build EVs south of the border.
The plant will also produce battery packs for the EVs
The plant will also produce battery packs for the EVs. The battery pack production process will start in late 2019 and will have an annual capacity of 100,000 units. The facility will use BMW’s latest battery technology, which offers a high energy density and high voltage. The company is also working on developing a new generation of batteries that will be even more powerful and efficient.
This move will help BMW meet its goal of having 25% of its sales be electric vehicles by 2025
This move will help BMW meet its goal of having 25% of its sales be electric vehicles by 2025. The company plans to produce the Neue Klasse BEVs and battery packs in Mexico, which will allow it to take advantage of the country’s lower labor costs. BMW also plans to use Mexico as a base for exporting electric vehicles to Latin America and other regions.