SHANGHAI -- BMW said that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the automaker accelerates electric vehicle output.
The plant, BMW's third car assembly facility in China, located in the northeastern city of Shenyang, Liaoning province, will increase BMW's annual output in the world's biggest auto market to 830,000 vehicles from 700,000 in 2021, the company said in a statement.
The plant, a joint venture between BMW and Chinese automaker Brilliance, is designed to produce full-electric vehicles only, according to market demand, on flexible manufacturing lines, BMW said.