BMW car is spending 800 million euros, or 866 million dollars at current exchange rates, to start production Upcoming tram And the battery In Mexico. It may be more appropriate to quote the current exchange rate between euro and peso Mexico is becoming a hot spot of electric vehicle production. In that case, BMW is investing a real fortune of 16.3 billion pesos to make “new class“The car runs entirely on electricity.
The German automaker says these EVs will use newly developed circular lithium-ion battery cells. BMW car designed these to increase power density by more than 20 percent and to improve the charging speed and overall range of electric vehicles by 30 percent. BMW plans to produce batteries in Mexico, hence an investment of $866 million per Reuters.
More than half of the money will be used to expand the BMW manufacturing plant in San Luis Potosi, where BMW Series 3, 2 Series Coupé and M2 is currently being implemented. The factory will have a battery assembly center that will cost BMW just over $540 million, while the remaining $324 million and change will be used to expand the body shop and build an assembly line. additional to install on-site manufactured batteries.
The San Luis Potosí plant has been in operation for less than four years, starting production in 2019, but BMW will begin expanding the site in 2024 in preparation for its “electric push,” as Reuters called it. BMW is expected to ramp up battery production by 2027, and electric vehicle production will follow shortly thereafter.
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The plant currently has 3,000 workers but the expansion will add another 1,000 — 500 of which will make batteries, while the other 500 will be on assembly lines to help build batteries directly into the vehicle structure of the new EVs.
But BMW is also spending billions more around the world to bolster its EV production. The blue-and-white roundel is investing $1 billion in the U.S. to expand its plant in Spartanburg, South Carolina, as well as $700 million to build a new battery assembly center near Woodruff. This is part of BMW’s plan to produce all six electric vehicles in the US by 2030.
The company is eyeing expansion in both Mexico and the United States to make sure its electric vehicles are eligible federal tax credit, must now be locally sourced and manufactured in North America. BMW hasn’t specified exactly where it will get the raw materials and required battery metal, but does mention that a portion of this will come from the (presumably) recycling process carried out at its battery centers. each factory.
Among other “green” initiatives at San Luis Potosí is the use of renewable energy from a massive solar installation, which BMW claims is the sole source of energy for the production plant. . BMW adds that the plant will soon switch from using natural gas to biomethane, and it is home to the automaker’s first paint shop that does not generate wastewater: any water used. used in the paint process are treated and reused.
It was a smart move, given of Mexico struggling with dangerously low water levels due to drought. For fairness, northern states has been hit hardest by this, but if BMW is trying to make it through the long haul in Mexico, it won’t hurt to make the best use of its resources. And it looks like BMW To be ready for domestically produced electric cars, along with many others, including GM, Ford and possibly even Tesla.
