BMW has announced a huge investment of one billion euros for its Austrian site in Steyr, in order to launch the production of electric motors there in 2025.
The forced march towards electric requires manufacturers to accelerate the transformation of their industrial tool. BMW has just announced that its plant in Steyr (Austria), which has been producing combustion engines for more than 40 years, will be expanded to supply electrical blocks.
The investment is colossal for a single site: nearly one billion euros. But the project is ambitious. A piece of data helps to understand the importance of this plant: for one out of two vehicles in the group, the engine comes from Steyr. We are therefore also going on a large scale for electricity!
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710 million euros will be used for the production part, with an expansion of the factory by 60,000 m2. BMW wants to produce the various engine components on site, not just do final assembly. Two additional production lines will be created. The start of the chains will be given in 2025. By the end of the decade, BMW aims to assemble 600,000 electric motors per year. Half of the site’s 4,400 employees will then work for electricity.
That’s not all. 230 million will be invested by 2030 to develop BMW’s new electric motors within Steyr. A third of the engineers based on this site are already working on electricity. It will be 90% in 2030!
Note that there will be a cohabitation of activities, because BMW does not want to reduce the share of thermal power in Steyr for the moment, stressing that if Europe intends to switch to all-electric from 2035, this is not the case. from the rest of the world.