#262 Major BMW EV announcement to take UK auto investment to over £6bn

BMW set to announce multi-million pound investment in the UK, in latest major vote of confidence in UK Government plans for the car industry.
Announcement brings total investment into the automotive sector to over £6bn in recent years, securing jobs and promoting economic growth.
Other major investments include over £4bn from Tata to build a new gigafactory in the UK, and £1bn from Nissan and AESC to create an EV manufacturing hub in Sunderland.
Ahead of a visit to the MINI plant in Oxford, Business and Trade Secretary Kemi Badenoch has today (11 September) hailed the success of the UK Government’s plan for automotive, as the sector looks ahead to a bright future thanks to over £6 billion of investment over the last two years.
This comes as BMW are set to announce a multi-million pound investment to transform their Oxford plant, securing 4,000 high-quality jobs and strengthening the electric vehicle supply chain. The news follows extensive government engagement and support.
The Government is securing investment from industry by providing support for new plants and upgrades to ensure that the UK automotive industry thrives long into the future.
Last week Stellantis, makers of Vauxhall, Peugeot, Citroen and Fiat, announced the start of electric vehicle production after their £100m investment to make their site in Ellesmere Port their first globally dedicated solely to producing EVs.
Other recent major investments also include a landmark investment of over £4 billion from Tata to build a new gigafactory supplying batteries, £1 billion from Nissan and AESC to create an EV manufacturing hub in Sunderland, and £380 million from Ford to make Halewood their first EV components site in Europe.

https://www.gov.uk/government/news/major-bmw-ev-announcement-to-take-uk-auto-investment-to-over-6bn

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