German automaker BMW will invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric 'Neue Klasse' models, the carmaker said Friday.
The plant in Hungary has been pitched as the first of BMW's to be completely fossil-free. Gottsche added the Mexico plant was in the process of increasing its solar production on-site and swapping out natural gas for biomethane.The push comes as manufacturers worldwide shift to comply with more stringent environmental regulations to mitigate their impact on climate change.
Mexico has also increasingly made the push for EVs as it looks to turn half of auto production electric by 2030.on that goal, Gottsche said BMW's sales in Mexico were already 30% hybrid or fully electric.Reporting by Kylie Madry in Mexico City; Additional reporting by Toya Sarno Jordan in San Luis Potosi; Editing by Chizu Nomiyama and David Gregorio
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