The Mini electric car is unveiled at the BMW group plant in Cowley, near Oxford on July 9, 2019.
Tolga Akmen | AFP | Getty Images
The BMW Group, together with China’s Great Wall Motor, is to construct a plant that will produce future fully-electric models of the famous Mini car brand.
The facility’s construction phase is slated to take place between 2020 and 2022, and it will be located in the city of Zhangjiagang, Jiangsu Province, the BMW Group said Friday.
The two firms have set up a joint venture called Spotlight Automotive Limited and the combined investment in the plant will amount to approximately 650 million euros ($715 million). Once up and running, the factory line will have the capacity to produce as many as 160,000 vehicles annually.
Alongside the manufacture of vehicles, the joint-venture will also focus on the “joint development of battery electric vehicles”, BMW said.
“This joint venture will enable us to produce a larger number of Mini-brand-fully electric vehicles at…