Driving Luxury Into The Electric Age: BMW Pumps £600M Into UK MINI Plants

Luxury vehicle maker BMW (Bayerische Motoren Werke ADR) BMWYY plans to invest £600 million in its manufacturing plants in the U.K. to speed up the electrification of its Mini brand.

The investment will be made in the MINI factories at Oxford and Swindon. 

From 2024, the Oxford plant will start producing the next generation MINI 3-door and MINI 5-door with combustion engines, as well as the new MINI Convertible, before they are joined by the two new all-electric MINI models from 2026, the MINI Cooper 3-door and the compact crossover MINI Aceman.

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By 2030, production volume will be exclusively electric and BMW will have spent over £3 billion on its Swindon, Hams Hall and Oxford plants since 2000.

The move, supported by the U.K. government, is expected to generate jobs at the Oxford manufacturing plant and the body-pressing facility in Swindon.

"The continuing high demand for our locally emission-free vehicles shows the openness of the global MINI community to electromobility, which we will be able to serve optimally, also thanks to Oxford," said Head of the MINI brand, Stefanie Wurst.

Price Action: BMWYY shares are trading higher by 1.18% at $34.59 on the last check Monday.

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