BMW has completed construction work it began in September 2022 to build production halls for electric drives in Steyr, Austria. Next, almost 300 units with a total value of more than 500 million euros are to be built on an area of 60,000 square meters.
Pre-series production for the all-electric “New Class” will begin in July 2024, with series production taking place in the fall of 2025. BMW Group claims, it will invest one billion euros in electric motors at the Steyr site by 2030. According to the company, this will result in an annual production output of more than 600,000 electric engines, which will run in parallel with the production of combustion engines.
