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BMW’s investment in Oxford plant means 4,000 new jobs

BMW building

BMW has announced plans for electric Mini production in Oxford, securing 4,000 high-quality jobs.

The luxury carmaker has opted to invest in the Oxford plant rather than moving operations to China.

The plan would bolster the UK's electric vehicle supply chain.

Read More: BMW Working On £500 Million Plan To Ensure Mini Production Stays In Britain

This strategic shift by the German automaker follows extensive negotiations with the UK government.

It represents a complete reversal of last year's intention to move electric Mini production overseas.

Initially, it overshadowed the UK's ambitions to lead global electric car manufacturing

This move comes on the heels of Honda's exit from the UK in 2019, heightening concerns about the automotive industry's future in the region.

Read More: Lidl To Create 1,500 New Jobs For Its Bedfordshire Warehouse

Government officials, including Chancellor Jeremy Hunt, have lauded BMW's choice to invest in the UK.

He said the investment was “a huge vote of confidence in this country as a global leader in electric vehicles.

“This industry is motoring, creating thousands of jobs and powering our green transition.”

The government has described this development as a "multimillion-pound investment," but did not disclose a figure.

Recent investments from major automakers like Stellantis, Tata, Nissan, AESC, and Ford have boosted the industry's outlook. 

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Stellantis began electric vehicle production at its Ellesmere Port facility following a £100 million investment. 

Meanwhile, Tata committed £4 billion to construct a gigafactory in the UK for electric batteries.

Nissan and AESC embarked on a £1 billion project to establish an electric vehicle manufacturing hub in Sunderland. 

Additionally, Ford allocated £380 million to transform its Halewood site into Europe's first EV components facility.

Rishi Sunak said BMW’s investment was “another shining example of how the UK is the best place to build cars of the future.”

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