BMW Invests to Ready Bavarian Site for Battery-Electric, Automated Cars

Date : 12/02/2019 @ 8:52AM
Source : Dow Jones News
Stock : Bayerische Motoren Werke AG (BMW)
Quote : 45.73  0.215 (0.47%) @ 4:35PM
Bayerische Motoren Werke share price Chart

BMW Invests to Ready Bavarian Site for Battery-Electric, Automated Cars

Bayerische Motoren Werke (XE:BMW)
Historical Stock Chart

6 Months : From Sep 2019 to Mar 2020

Click Here for more Bayerische Motoren Werke Charts.
   By Max Bernhard 
 

BMW AG (BMW.XE) said Monday that it is investing 400 million euros ($440.6 million) in its Dingolfing plant in Bavaria to ready the site for production of it pure battery-electric, as well as highly automated cars.

By 2021, the German luxury car maker plans to produce its iNext electric model at the site--its largest European production location.

"With the launch of the BMW iNext in 2021, Plant Dingolfing will be capable of producing the right mix of fully-electric vehicles, plug-in hybrids and models with combustion engines to suit demand on a single assembly line," the company said.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

December 02, 2019 03:37 ET (08:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
$
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200330 18:08:15