BMW Group has introduced a brand new funding of greater than £600 million within the MINI factories at Oxford and Swindon.
The Oxford plant is gearing-up to construct two new all-electric MINI fashions from 2026, the 3-door MINI Cooper and the compact crossover MINI Aceman.
This growth has been supported by the UK Authorities and can assist to safe jobs on the Oxford manufacturing plant and on the body-pressing facility in Swindon.
“With this new funding we’ll develop the Oxford plant for manufacturing of the brand new technology of electrical MINIs and set the trail for purely electrical automobile manufacturing sooner or later,” stated Milan Nedeljković, Member of the Board of Administration of BMW AG accountable for manufacturing.
Prime Minister Rishi Sunak stated “BMW Group’s funding is one other shining instance of how the UK is the most effective place to construct vehicles of the long run. By backing our automobile manufacturing business, we’re securing hundreds of jobs and rising our financial system proper throughout the nation.”
Enterprise and Commerce Secretary Kemi Badenoch stated, “This choice is a giant vote of confidence within the UK financial system and the work of this Authorities to make sure the continued power of our world-leading automotive sector. We’re proud to have the ability to assist BMW Group’s funding, which can safe high-quality jobs, strengthen our provide chains, and enhance Britain’s financial progress”.
The MINI Plant Oxford presently produces the MINI 3-door, the MINI 5-door in addition to the MINI Clubman and the MINI Electrical.
From 2024 the plant will begin producing the following technology MINI 3-door and MINI 5-door with combustion engines, in addition to the brand new MINI Convertible, earlier than they’re joined by the brand new all-electric autos in 2026 – the MINI Cooper 3-door and the MINI Aceman.
The manufacturing unit will attain a manufacturing capability of round 200,000 vehicles per 12 months within the medium time period, with ICE and battery electrical autos (BEVs) initially being constructed on the identical manufacturing line. From 2030, the Oxford Plant will produce all-electric MINI fashions completely.