BMW invests $860M to build Neue Klasse EVs in North America

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BMW invests $860M to build Neue Klasse EVs in North America
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BMW has confirmed a third production site for its next-generation EV family.

The automaker last week announced an investment of 800 million euros to expand its vehicle plant in the Mexican state of San Luis Potosí, where the automaker currently builds the 2-Series and 3-Series.

BMW said one of the key decisions for choosing the Mexican plant is its high flexibility. It means only minor adjustments will be needed in the body shop and assembly to accommodate the Neue Klasse's platform which directly integrates the battery into the vehicle structure, BMW said. BMW also plans to expand EV production to additional sites, including its vehicle plant in Spartanburg, South Carolina. The automaker last Octoberin the U.S. plant to add EV and battery production. The automaker said six EVs will be built there by 2030, most of them likely to be electric versions of the existing SUV model lines built at the site.

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