The German firm BMW announced on Friday 3 an investment of 800 million euros (about 16 thousand 392 million pesos) at its plant located in the state of San Luis Potosí, central Mexico, in an act attended by President Andrés Manuel López Obrador, who congratulated the brand.
The investment, indicated representatives of the firm, will be used to accelerate the production of electric vehicles in the coming years.
“Today the BMW Group is taking its next steps towards electromobility, first we will bring the NEUE KLASSE, which is our future generation of electric vehicles and for which We will invest a total of 800 million euros in our San Luis Potosí plant“, said Milan Nedeljkovic, member of the Board of Management of BMW AG responsible for production, during the investment announcement.
In addition, he indicated that together with the plant, the firm will build a plant for the assembly of high-voltage batteries in which, he specified, a large part of the investment costs will be used, about 500 million euros (about 541.3 million dollars).
The representative of the German firm said that the investment will generate, first, 500 jobs, but will reach 1,000 new jobs.
In addition, the BMW Group will accelerate its production of electric vehicles, thereby reinforcing its goal that the 50% of global BMW vehicle sales are fully electric by 2030.
Nedeljkovic noted that the first NEUE KLASSE model cars will roll off the production line at its plant in Debrecen, Hungary, starting in 2025, followed by the main plant in Munich and will reach additional volumes by integrating model manufacturing at the San Luis Plant. Potosí from 2027 onwards”.
In his turn, the president López Obrador thanked BMW’s investment and boasted of the workforce of Mexican workers.
“You are investing and we thank you very much for your trust (in Mexico) and you have assured success for this new plant,” said the president, stressing that the future of the automotive industry is electromobility, which is what BMW is investing in. the country.
“BMW has that vision and it is good that this new stage begins in San Luis Potosí, Mexico, thanks for the trust and investment,” he stressed.
The BMW Group plant in San Luis Potosí, which opened in 2019, was designed to be highly flexible and this means that it will only take a few adjustments in construction and assembly to expand to include electric models on its production line.
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“With this investment, the San Luis Potosí plant will play a central role in the transition of the BMW Group to electric mobility,” said Harald Gottsche, President and CEO of the BMW Group Plant San Luis Potosí.
The event was also attended by the Governor of San Luis Potosí, Ricardo Gallardo, and Foreign Minister Marcelo Ebrard, who together with the representatives of BMW and the president gave the starting signal to the plant, carrying out the initial connection of the first chargers.
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