BMW invests CNY 10 billion in a new EV battery production project in Shenyang, China

16 November 2022, 02:33:46

BMW's electromobility ramp-up has reached a new milestone in China. On November 11th, a signing ceremony for the BMW Future Generation HVB Production Project was held in Shenyang. The signed agreement will see BMW Group's Chinese joint venture, BMW Brilliance Automotive, invest around CNY 10 billion into a new structure project to expand battery production capacity at its Shenyang production base. While accompanying German Chancellor Olaf Scholz on last week's state visit to China, Oliver Zipse, Chairman of the Board of Management of BMW AG, reiterated that China remains one of the most strategically important markets for the BMW Group. The new project is a concrete demonstration of this position and the Group's long-term commitment to the Chinese market.

Since 2010, more than CNY 83 billion has been invested in BMW's production base in Shenyang. The new investment agreement follows a phase of extensive upgrading of this base with both the Plant Dadong Extension and 15-billion-CNY Plant Lydia opening in the first half of this year. In view of the growing demand for e-mobility, increasing in-house production of high-voltage batteries for electric vehicles is a key part of BMW's e-mobility strategy. Together with the opening of the iFACTORY Plant Lydia, the new battery production project will further strengthen BMW's BEV production capabilities in China. Located in the Sino-German (Shenyang) Intelligent Equipment Manufacturing Park in the city's Tiexi district, the new structure project will dramatically expand the area for battery production at the Shenyang production base. In addition, it will be equipped with state-of-the-art technologies and is expected to set new standards for low-carbon production.

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