BMW Munich Factory Will Only Make Electric Vehicles From Late 2027
Provided by
Dow Jones
By David Sachs
BMW's Munich plant will produce solely electric vehicles starting at the end of 2027 onward.
The German carmaker said Wednesday it will spend 650 million euros ($710.6 million) to update the factory site with four buildings, including a vehicle-assembly line.
"The Munich plant is an excellent example of our ability to adapt," said Milan Nedeljkovic, a BMW board member in charge of production.
In a statement, BMW characterized the decision as the "era of automobiles with combustion engines from Munich" ending.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
January 10, 2024 08:37 ET (13:37 GMT)
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