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BMW invests $1.2 billion in Mexico to produce Neue Klasse

BMW Group announced it’s investing €800 million (AU$1.2 billion) at the Mexican production site in San Luis Potosí to prepare for Electric vehicle based on Neue Klasse (tram).

This Mexico facility currently manufactures vehicles including BMW Series 3, 2 Series coupeand M2.

Electric vehicle production on BMW’s upcoming Neue Klasse modular architecture will start in 2025 at its factory in Debrecen, Hungary. It will be manufactured at its main plant in Munich, Germany.

This latest investment in production in Mexico suggests that BMW will also produce electric vehicles based on the Neue Klasse in Mexico. At this stage, it suggests that production of the Neue Klasse-based EV will begin in 2027.

BMW claims only “minor adjustments” are needed in the body shop and assembly to incorporate the new architecture. This is partly because the high-voltage battery is integrated directly into the vehicle structure.

The company claims this The €800 million (AU$1.2 billion) investment will require an additional 1,000 employees to work at the San Luis Potosí plant.

€500 million ($779 million) of the total investment is earmarked for the construction of a new 85,000 square meter assembly center for high-voltage batteries, which will be located on the factory premises.

As previously reported, BMW’s upcoming Neue Klasse platform is will debut in 2025 in a 3 Series sedanwill be pitted against Tesla Model 3. ONE X3Large electric SUV is understood as the second vehicle.

The company recently showed off i Vision Dee concept previews the design and technology that its Neue Klasse-based EVs will feature.

BMW has previously said its Neue Klasse range will be equipped with new features cylindrical lithium-ion battery cells from around 2025.

Compared to current battery technology, this cylindrical cell technology is said to improve energy density by more than 20%, charging speed by up to 30%, and charging range by 30%.

The company is also developing solid-state batteries and aims to have high-voltage batteries ready for mass introduction by the end of the decade.

However, BMW plans to unveil a vehicle equipped with this battery technology before 2025.

Unlike some other car manufacturersBMW has yet to make any announcement on when to discontinue the development and production of internal combustion engine (ICE) vehicles.

The automaker’s latest plan calls for it to produce a total of two million all-electric cars by 2025. By 2030, the company projects half of its annual global sales mine will be an electric car.

BMW has also set a goal of achieving complete carbon neutrality throughout its entire supply chain by 2050 at the latest.

THAN: BMW CEO: Neue Klasse EVs will have range, standard price
THAN: How BMW will offer cheaper, longer-range electric cars from 2025
THAN: New BMW 3 Series? i Vision Dee EV concept unveiled at CES


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