BMW to invest over €100 million in e-motor production in Steyr
BMW says it will establish production of power electronics and inverter components at its plant in Steyr, Austria, by 2029. The move is intended to strengthen the site’s expertise and keep key electric-mobility know-how in Austria.
BMW plans to establish state-of-the-art production of power electronics and inverter components at its plant in Steyr, Austria, by 2029.
The company says the investment will be more than €100 million.
According to BMW, the project is meant to strengthen the technological expertise of the Steyr plant, increase value creation within the company, and further anchor key know-how for electric mobility in Austria.