By 2030, BMW will invest €1 billion in rebuilding and upgrading the efficiency of its plant in Steyr, Austria, where drivetrain development based on internal combustion engines will be converted to electric operation, according to a press release.
Steyr has been the main production site for BMW’s powertrain for more than 40 years, and from 2025 onwards, the next generation of electric motors will be developed and produced here.
600,000 engines per year
The conversion also includes the expansion of the production area by 60 thousand square meters, and after the expansion, it is planned to produce more than 600 thousand transmission lines annually.
At the same time, we will maintain high-capacity exploitation of diesel and gasoline engine production. By 2030, about half of our 4,400 employees will be working in electric vehicles, plant manager Alexander Sosanek says in the press release.
One in two has a ‘Steyr heart’.
BMW estimates investments in production expansion and restructuring at 730 million euros, while the development of electric motors will require investments of about 230 million euros.
– This plant has been developing and producing internal combustion engines for BMW and Mini brands for more than 40 years. One of two production BMW cars driving around the world today already has a “heart” built in the Steyr, says BMW Group Production Director Milan Nedelkovic.
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