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)
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   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; @mxbernhard


(END) Dow Jones Newswires

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

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