BMW will invest more than £600mn to produce electric Mini cars in Oxford, safeguarding the historic plant and delivering a vote of confidence in the UK’s auto industry.
The investment by the German carmaker at the site in Cowley will be backed by about £75mn of taxpayer funds, according to people familiar with the matter. Production of two new models will begin in 2026, though BMW plans to import batteries for the cars from either Europe or China.
The plant’s future has been under threat since BMW said last year that it would cease production of the first electric Mini model there, leaving the factory reliant on petrol cars, which the German group has promised to phase out by 2030.
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