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BMW announces €1bn investment in Austrian Steyr plant by 2030

20 June 2022 - 13:33 By Reuters
The Steyr plant in Austria is the BMW Group's largest engine building facility.
The Steyr plant in Austria is the BMW Group's largest engine building facility.
Image: Supplied

German carmaker BMW announced on Monday a 1bn (roughly R16,798,677,000) investment in its Steyr plant in Austria by 2030, where it plans to produce its next generation e-drives starting from 2025.

The site's annual capacity is set to grow to more than 600,000 units, BMW said in a statement.

The sum is set to include an investment of around 710m (roughly R11,958,806,900) in production, it added.


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