BMW investment secures future of Mini factories

  • 📰 bbcemt
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

BMW expected to invest £600m in preparing its Oxfordshire plant to build the next generation of electric cars.

With the Mini brand expected to go fully electric by 2030, BMW's decision is vital to the future of the two UK factories.But last year, the company confirmed production of most of its electric cars would move to China, where the new models have been developed in partnership with Great Wall Motor.

Business and Trade Secretary Kemi Badenoch told the BBC's Radio 4 Today programme that the news was "exciting" and that it would ensure the sector "continues to be buoyant". This is the latest in a series of government-backed investments designed to promote the development of electric vehicles in Britain, ahead of a ban on the sale of new petrol and diesel powered cars due to take effect in 2035.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 120. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines