May 19, 2023 07:14 PM

BUSINESS

BMW to Produce New Line of EVs in China From 2026

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What’s new: BMW AG said that it will begin producing its next-generation Neue Klasse, or New Class, line of electric vehicles (EVs) in the northeastern Chinese city of Shenyang from 2026.

The move could help the German auto giant gain a stronger foothold in the world’s largest EV market, where traditional carmakers are accelerating their shift toward electrification in the face of mounting challenges from EV startups.

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