BMW doubles battery production capacity in the United States
FILE PHOTO: The BMW logo is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo
FRANKFURT (Reuters) - BMW Group
BMW said it was investing $10 million in a new battery assembly line which will be capable of operating in a two shift system ahead of the introduction of the BMW X3 plug in hybrid vehicle by the end of the year.
BMW made 15,000 batteries last year with a one shift system and currently produces a plug-in hybrid version of the X5 offroader. A new version of the X5 will be produced at the Spartanburg plant from August onwards, the company said.
BMW said it planned to employ 120 staff to manufacture different types of batteries, and the additional staff gave it the capacity to double production.
In the past four years BMW workers assembled 45,000 batteries, the carmaker said.
(Reporting by Edward Taylor; Editing by Mark Potter)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- WPP cutting up to 1,000 more jobs by year-end, FT reports
- New Zealand, US to fund Cook Islands port upgrade
- Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Create E-mail Alert Related Categories
ReutersRelated Entities
BMW AGSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share