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For the advancement of sustainability goals, the BMW Group is investing in an American startup Boston Metal’s innovative method for CO2-free steel production. The BMW finance through its venture capital fund, BMW i Ventures.

  • The investment is part of the BMW Group’s far-reaching sustainability activities aimed at significantly reducing CO2 emissions across the supplier network.
  • Steel is one of the most important materials in car production and will be no less important for future vehicle generations.
  • BMW Group press plants in Europe process more than half a million tonnes of steel per year.

The major investments and joint ventures by BMW are mentioned below:

Oct 2020: The BMW Group’s Rolls-Royce division had announced approximately $13.9 million investment at its MTU power generation manufacturing facility in Mankato, Minnesota, USA. The expansion will add a new research and development building at facility and it will create 20 new manufacturing positions.

June 2020: BMW Group in joint venture with Great Wall Motors (GWM) started construction of Spotlight Automotive facility in Zhangjiagang, Jiangsu province in China. Spotlight Automotive is a joint venture established by GWM and BMW Group.

May 2020: The world’s leading commercial vehicle manufacturers Daimler Truck AG signed an agreement with the British technology group Rolls-Royce plc to cooperate on stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities such as data centers.

April 2020: BMW helped its own staff and the public against the spread of the new coronavirus with production of face mask. The company will be able to produce several hundred thousand masks per day.

March 2020: The future mobility leader BMW Group announced an investment of approximately $34 billion in research and development of future mobility by 2025. The company is embracing the transformation of the automotive industry with great confidence and investing heavily on innovation for the benefit of its customers.

December 2019: BMW Group announced an investment of $441 million at its Dingolfing vehicle plant for the production of the BMW iNEXT in China. The investment will help the plant to produce the right mix of fully-electric vehicles, plug-in hybrids, and models with combustion engines to suit demand on a single assembly line. The Group will launch BMW iNEXT in 2021. The BMW iNEXT will become the Dingolfing plant’s first pure battery-electric vehicle from 2021.

About BMW Group

BMW Group is a pioneer in e-mobility, and a leading supplier of electrified vehicles in the world. The Group is planning to have more than one million fully-electric vehicles and plug-in hybrids on the roads worldwide by the end of 2021.

The BMW Group is a leading premium automobiles manufacturer with top-selling brands like BMW, MINI, Rolls-Royce, and BMW Motorrad. The Group is also involved in motorcycles production and premiu5m financial and mobility services. The BMW Group has a global sales network in more than 140 countries, and it has 31 production and assembly facilities in 15 countries. The Group employs a workforce of close to 135,000 employees worldwide.

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