Britain says BMW to make multimillion pound investment in electric Mini output

Business minister Kemi Badenoch will visit a Mini plant in Oxford for the announcement of the investment, which the government said followed "extensive government engagement and support". The government did not give a figure for the announcement but said it would bring total investment into the automotive sector to over 6 billion pounds ($7.48 billion) in recent years. ($1 = 0.8023 pounds)

BMW will make a multimillion pound investment in its electric Mini production in Britain, the business ministry said on Monday, a move which secures 4,000 jobs. Business minister Kemi Badenoch will visit a Mini plant in Oxford for the announcement of the investment, which the government said followed "extensive government engagement and support".

The government did not give a figure for the announcement but said it would bring total investment into the automotive sector to over 6 billion pounds ($7.48 billion) in recent years. "BMW's investment is another shining example of how the UK is the best place to build cars of the future," British Prime Minister Rishi Sunak said in a statement.

It comes less than two months after India's Tata said it will invest 4 billion pounds in an EV battery plant in Britain to supply its Jaguar Land Rover factories - a move seen as vital for the UK car industry's continued survival in the electric age. ($1 = 0.8023 pounds)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)