BMW will make a multimillion pound investment in its electric Mini production in Britain, the business ministry said on Monday, a move which secures 4,000 jobs.
Business minister Kemi Badenoch will visit a Mini plant in Oxford for the announcement of the investment, which the government said followed “extensive government engagement and support.”
The government did not give a figure for the announcement but said it would bring total investment into the automotive sector to over 6 billion pounds ($7.48 billion) in recent years.
“BMW’s investment is another shining example of how the UK is the best place to build cars of the future,” British Prime Minister Rishi Sunak said in a statement.
It comes less than two months after India’s Tata said it will invest 4 billion pounds in an EV battery plant in Britain to supply its Jaguar Land Rover factories — a move seen as vital for the UK car industry’s continued survival in the electric age.
