With more investment in China, BMW's 10 billion power battery project will fall to Shenyang again.
CTOnews.com, November 12 (Xinhua)-- BMW's new power battery project was signed in Shenyang, Liaoning Province on November 11, with a total investment of about 10 billion yuan, CCTV News reported. This is another major investment for BMW following the completion of the Lida plant in June.
It is reported that the new power battery project is located in the Sino-German (Shenyang) high-end equipment manufacturing industrial park in Shenyang Economic and technological Development Zone; upon completion of the expansion, the center will become the third power battery center of BMW Group in the world. In 2017, BMW Group established brilliance BMW Power Battery Center, whose main business includes battery research and development, production and testing. In 2020, the second phase of BMW Power Battery Center was officially unveiled, becoming BMW's fifth-generation power battery production base.
CTOnews.com learned that in June this year, BMW officially opened its Lida plant in Shenyang, the first BMW BMW iFACTORY in the world that has been completed and put into production. With a total investment of 15 billion yuan, the Lida plant project is BMW's largest single investment in the Chinese market. With the commissioning of the Lida plant, the annual production capacity of BMW's Shenyang production base will increase to 830000 vehicles. Shenyang production base will also become BMW's largest production base in the world. Since 2010, BMW Group has invested more than 83 billion yuan in Shenyang.
In the first nine months of this year, BMW delivered about 592900 BMW and MINI vehicles to Chinese customers, with sales of pure electric models up 65 per cent from a year earlier. In the global market, BMW delivered about 1.7479 million BMW, MINI and Rolls-Royce cars in the first three quarters of this year, of which BMW and MINI all-electric models performed well, up 114.8 per cent from a year earlier.
