BMW EV INVESTMENT LATEST SIGNAL THAT MEXICO WILL BECOME ELECTRIC VEHICLE EXPORT HUB
February 22nd, 2023
The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.
Germany’s BMW will spend this money over the next four years to enable production of the 'Neue Klasse' electric vehicle range in Mexico starting 2027. The plant currently produces three internal combustion engine models that are supplied to 74 markets worldwide, and the EV capacity would also be focused on ...
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