German automaker BMW is set to ramp up production of automotive components at its Dingolfing, Germany, plant and intends to produce 500,000 electric vehicles (EVs) by 2022.
The group also plans to hire 800 employees and expand its ‘Competence Centre for E-Drive Production’ facility from 8 sq. kms (4.97 sq. miles) to 80 sq. kms.
The plant currently works on electric motors, battery housings and high-voltage batteries. Labor will increase from 600 employees to around 2,000. The production of battery modules is expected to increase two-fold this year over 2019.
BMW also revealed plans to increase the number of plug-in hybrid models, which currently stands at 12. The company will also increase this number to 25 in the next three years and predicts this market will comprise 25pc of Europe’s automotive sales next year. This claim is backed by the purchase incentives Germany put into effect last month for EVs.