BMW Munich Factory Will Only Make Electric Vehicles From Late 2027 -- Update

By David Sachs

BMW's Munich plant will produce solely electric vehicles starting at the end of 2027.

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.

BMW said it has moved conventional engine manufacturing from the factory to a plant outside of Birmingham in the U.K. to make room on the production floor. Around 1,200 existing workers were trained for different production jobs in Munich or have been employed elsewhere in the production network, BMW said.

In a statement, BMW characterized the decision as the "era of automobiles with combustion engines from Munich" ending after 75 years.

The plant currently manufactures around 1,000 a day. It employs about 7,800 people, according to BMW's website.

Write to David Sachs at [e-mail]

(END) Dow Jones Newswires

January 10, 2024 09:14 ET (14:14 GMT)

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