BMW Group with its joint venture in China BMW Brilliance Automotive Ltd. has said that it will invest 10 billion yuan (about 1.4 billion U.S. dollars) into a new battery production project in northeast China’s Liaoning Province.
This will see BBA expand battery production capacity at its Shenyang production base.
BMW China CEO Jochen Goller is confident in the long-term perspectives of the Chinese market and strong belief that business ties will continue to build bridges between China and Germany.
Franz Decker, president and CEO of BBA, also noted that the investment is a “crucial next step” in the BMW e-mobility strategy in China.
The new investment follows a phase of extensive upgrading at the BMW production base in Shenyang, including a 15-billion-yuan plant opening in June.
Shenyang is BMW Group’s largest production base worldwide. The total number of the group’s employees in China has exceeded 28,000.
