BMW accelerates Mexico’s EV shift with $860 million battery assembly plant

German car manufacturer BMW announced plans to invest €800 million ($857 million) in electric vehicle production in Mexico, in a boost to the country’s shift towards manufacturing battery-powered vehicles. The majority of the funding, €500mn, will be used to build a 85,000-square-metre lithium-ion battery assembly centre at an existing BMW plant in San Luis Potosí, […]