Hyperdrive

BMW Will Invest $872 Million to Build Electric Vehicles in Mexico

EV production at San Luis Potosi factory aims to start in 2027
BMW ramping up global production network for EV shift

BMW's manufacturing facility in San Luis Potosi, Mexico.
Photographer: Mauricio Palos/Bloomberg

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By Wilfried Eckl-Dorna

February 3, 2023 at 6:00 PM UTC

This article is for subscribers only.

BMW AG will invest €800 million ($872 million) in its San Luis Potosí, Mexico, plant to manufacture electric vehicles, as part of a broader effort to ramp up its global production network.

More than half of the investment will be used to build a new high-voltage battery assembly plant at the site, the German carmaker said Friday, confirming a January announcement of Mexican President Andres Manuel Lopez Obrador. The expansion will create around 1,000 new jobs with EV production scheduled to start in 2027.