BMW Group (BMW.L,BAMXF.PK,BAMXY.PK) said its Munich plant will produce exclusively all-electric models from the end of 2027. From 2026, the iconic parent plant will produce the Neue Klasse sedan. The Group noted that, the era of vehicles with combustion engines in Munich will draw to a close 75 years after the launch of the BMW 501 in 1952.
"We are investing 650 million euros here and will produce exclusively all-electric vehicles in our parent plant from the end of 2027," said Milan Nedeljkovic, Member of the Board of Management of BMW AG, Production.
The 650 million euros of investment comprises four buildings, including a new vehicle assembly line with logistics areas and a new body shop.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.