BMW Group Announces EV Investment
Automaker plans to invest over $751.6 million in UK MINI factories at Oxford and Swindon.
BMW Group will invest over $751.6 million in U.K. MINI factories at Oxford and Swindon.
IMAGE: Pixabay
BMW Group has announced plans to invest over $751.6 million in United Kingdom MINI factories.
“With this new investment we will develop the Oxford plant for production of the new generation of electric MINIs and set the path for purely electric car manufacturing in the future,” said Milan Nedeljković, member of the Board of Management of BMW AG responsible for production, in a press release.
Beginning in 2026, the Oxford plant will build two new all-electric MINI models, the MINI Cooper three-door and the compact crossover MINI Aceman. By 2030, BMW Group plans to focus production volume entirely on electric vehicles and will have invested nearly $3.8 billion into its Swindon, Hams Hall, and Oxford plants since 2000.
Stefanie Wurst, head of the MINI brand, noted in a press release that producing the two fully electric MINI models—the MINI Cooper and MINI Aceman—confirms the company’s path to a fully electric future.
“The continuing high demand for our locally emission-free vehicles shows the openness of the global MINI community to electromobility, which we will be able to serve optimally, also thanks to Oxford.”
The MINI Plant Oxford currently produces the MINI 3-door, the MINI 5-door and the MINI Clubman and the MINI Electric, the company said.
The plant will start producing the next generation MINI three-door and MINI five-door with combustion engines, as well as the new MINI Convertible in 2024. In 2026, the automaker will add the all-electric MINI Cooper three-door and the MINI Aceman to the production roster, according to BMW.
The factory will produce up to 200,000 cars annually in the medium term, manufacturing inteernal combustion engine and battery-electric vehicles on the same production line. By 2030, only all-electric MINI models will be produced at the Oxford Plant.
Originally posted on Auto Dealer Today
More Showroom
October Auto Sales Fall With the Leaves
A forecast anticipates retail deliveries are down this month as consumers continue to face cost challenges, though more are tapping long loans in order to buy.
Read More →
California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →