FRANKFURT — BMW stated it should make investments 1-billion-euros ($1.05 billion) in its plant in Steyr, Austria, by 2030 to permit the event and manufacturing of next-generation electrical powertrains beginning in 2025, the automaker stated in a press release.
The sum consists of an funding of about $750 million in manufacturing, the automaker stated. The plant will construct the core parts for a brand new e-drivetrain together with the rotor, stator, transmission, inverter and the housing, on two meeting strains.
BMW in addition to rivals corresponding to Mercedes-Benz and Volvo are investing heavliy of their electrical drivetrains, essential to preserving their model identities within the transition to electrification.
“Bayerische Motoren Werke (Bavarian Motor Works) always stood for the best drivetrains in the market,” a spokesman instructed Automotive News Europe earlier this 12 months. “Our clear goal is to carry this over to the era of partially and fully electric drivetrains.”
The plant has developed and constructed combustion engines for the BMW and Mini manufacturers for greater than 40 years.
“Years of experience and a wealth of drivetrain expertise make BMW Group Plant Steyr the ideal location for the sustainabile mobility of the future,” BMW’s manufacturing chief, Milan Nedeljkovic, stated within the assertion.
The funding will assist the positioning’s annual capability develop to greater than 600,000 models, BMW stated.