BMW commits US$1.4bil to expand EV battery output in China
Published on: Wednesday, November 16, 2022
Published on: Wed, Nov 16, 2022
By:
Nikkei, FMT
Text Size:
Text:
BMW’s electric vehicle sales in China rose 65% for the first three quarters of 2022. (BMW pic)
DALIAN: BMW will invest 10 billion yuan (US$1.40 billion) to expand production of electric vehicle batteries in China, where the company aims to tap growing EV demand while fending off Tesla and local rivals.