BMW invests EUR800M in Mexican production site for electric vehicles

The BMW Group is investing EUR800M in its Mexican production site in San Luis Potosi for the integration of fully electric models of NEUE KLASSE and construction of local high-voltage battery assembly. The company said that the move will lead to 1,000 new jobs at the San Luis Potosi factory and could mean that achieving 50% share of the company’s worldwide sales of fully electric vehicles earlier than 2030. "We are systematically gearing our production network towards electromobility. In Mexico, we are investing 800 million euros in our plant and creating around 1,000 new jobs," explained Milan Nedeljkovi, member of the Board of Management of BMW AG responsible for Production, in San Luis Potosi at an event attended by Mexican President Andres Manuel Lopez Obrador and Governor of San Luis Potosi Ricardo Gallardo Cardona.