BERLIN: BMW aims to produce its new class of electric vehicles in China as well as Europe from 2026, requiring an investment of around 1.3 billion euros, BMW production chief Milan Nedeljkovic said on Thursday.
The carmaker, which expects to release its “Neue Klasse” (new class) of EVs in 2025, said that it would also produce the required high-voltage batteries in China.
This will “make a significant contribution to the further electrification of our portfolio”, Nedeljkovic said.
In preparation for the rollout of the Neue Klasse, BMW has created an entire electromobility ecosystem in China, spanning research and development, the supply chain and production of batteries and electric vehicles. With facilities in Beijing, Shanghai, Shenyang and Nanjing, it has built the biggest research and innovation network outside of Germany.
Keyword: BMW aims to also build new class of EVs in China from 2026