BMW Group's Neue Klasse EVs Set to Transform North American Market

BMW Group is expanding its electric vehicle (EV) operations in North America with the construction of high-voltage battery assembly facilities at the San Luis Potosí plant in Mexico This initiative is part of an extensive 800-million-euro investment aimed at preparing for the production of the Neue Klasse EVs These vehicles, which are already underway in Europe, will benefit from advanced battery technology promising a 20% increase in cell energy density and a 30% improvement in charging speed and range. This significant enhancement could potentially position these affordable BMW EVs ahead of competitors like Tesla The San Luis Potosí plant's expansion includes upgrades to the body shop, assembly, and logistics areas, gearing up to support the sophisticated requirements of Neue Klasse EV production.