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in Tech

BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players

by Editor June 26, 2022, 9:41 pm 1.7k Views

BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players

German automaker BMW is ramping up production of electric vehicles in China as it looks to catch up with leaders Tesla and domestic rivals like BYD. The new plant in Shenyang is BMW’s third in China and brings its annual production capacity in the country to 830,000 cars.

Anadolu Agency | Getty Images

BMW has officially opened its new 15 billion yuan ($2.2 billion) factory in China with a strong focus on electric vehicles as it tries to catch…

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