“From a small assembly facility with a limited number of units, our plants in Shenyang have developed into our largest production location worldwide. Today, 20 years after our joint venture’s initial start of production, I am delighted to announce local production of the Neue Klasse in China,” said Milan Nedeljkovic, member of the Board of Management of BMW AG responsible for Production.
The investment for the new Shenyang facility is RMB 10 billion or $1.42 billion, which should create around 2,000 new jobs. The investment also includes the production of BMW’s next, sixth-generation high-voltage batteries. According to BMW, the “Sixth-Generation Battery Project” will be the key to the Neue Klasse’s production.
BMW previously announced that solid-state batteries would be ready by the end of the year, developed through an expanded partnership with Solid Power.