Munich, Germany – BMW is developing a plant in Leipzig, Germany to produce an electric car, currently known by its project name of Megacity Vehicle.
The company said that it is also making additional investments in a number of facilities in Bavaria to produce components for the vehicles.
“The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” said Norbert Reithofer, chairman of BMW AG. “The main reasons behind this decision are the qualities that Germany has to offer. We have a tried and tested production network here and high levels of education and outstanding competencies at our disposal.”
The Megacity Vehicle is part of “project i,” a solution for sustainable mobility in urban environments, and is due to reach the market in the first half of the decade under a sub-brand of BMW.