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BMW Opens Electric-Car Plant in China

Bayerische Motoren Werke AG opened a $2.2 billion plant in China for electrical automobiles, because the German auto maker seeks to meet up with Tesla Inc. and Chinese rivals in the nation’s booming electric-vehicle market.

The 15 billion yuan funding in the plant is the largest that BMW has ever made in China, its largest market, the corporate stated in a press release Thursday. The plant in the northern industrial metropolis of Shenyang shall be operated by BMW and its native associate and can enhance the three way partnership’s annual output by round 18% from 2021 to 830,000 automobiles, BMW stated.

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