BMW has announced plans for a major multi-million-pound investment this morning in its electric Mini plant in Oxford, securing the long-term future of Mini production in the UK.
It marks a major U-turn for BMW, who in October last year confirmed that production of its electric Minis would shift to China, in what was seen as a major blow to the British automotive sector. “By backing our car manufacturing industry, we are securing thousands of jobs and growing our economy right across the country.”
A slew of carmakers have warned that the UK must improve its domestic supply chain, particularly of vital batteries, or risk losing out as the world races to switch to greener vehicles and a 2030 ban on the sale of new petrol and diesel vehicles comes into force. The carmaker had previously warned in May that the plant was under threat from post-Brexit tariffs on British exports to the European Union , which are set to come into force.
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