BMW opens electric-car plant in China

Bayerische Motoren Werke AG opens $2.2 billion plant in China for electric cars, as German auto maker seeks to catch up with Tesla Inc. and Chinese rivals in the country’s fast-growing electric-vehicle market.

15 billion yuan investment in the plant is the largest bmw The company said in a statement on Thursday that the largest market to date has been made in China. BMW said the plant in the northern industrial city of Shenyang will be operated by BMW and its local partner and will increase the joint venture’s annual output by about 18% to 830,000 vehicles by 2021.