Sep 11, 2023
BMW investment secures future of Mini factories
German car giant BMW is expected to announce plans to invest hundreds of millions of pounds to prepare its Mini factory near Oxford to build a new generation of electric cars. This will allow two next-generation electric designs, the Mini Cooper and the larger Mini Aceman, to be built at Cowley alongside conventional cars. The UK investment will be backed by funding from the government's Automotive Transformation Fund - understood to be worth £75m. Prime Minister Rishi Sunak said BMW's investment was "Another shining example of how the UK is the best place to build cars of the future". With the Mini brand expected to go fully electric by 2030, BMW's decision is vital to the future of the two UK factories. At the time, BMW suggested that building both conventionally-fuelled and electric cars in the same factory was inefficient.
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