BMW Group Plant San Luis Potosi started operations in 2019 when it started production of the 3 Series sedan before rolling off the 2 Series coupe a few years later. It is also where the M2 G87 is manufactured exclusively, following the decision to move production from the Leipzig (Germany) plant following the discontinuation of the F87 generation.
The future looks bright for the plant as Mexican Foreign Minister Marcelo Ebrard announced on Friday that BMW is looking to make a major investment. It follows a similar statement made a day earlier when Ebrard and President Andres Manuel Lopez Obrador revealed that the Bavarian automaker intends to spend around €800 million on the company BMW Group Plant SLP. At current exchange rates, the investment is approximately $867 million.
Neither the President nor the Secretary of State went into details of the investment, while BMW declined to comment on the matter when asked by BMW Reuters. All Ebrard said was, “The President has asked us to speed up investment in our country. He has already announced a very important investment that will be made by BMW in San Luis Potosi.â€
In mid-December 2022, a local media report claimed that BMW had decided to do so postpone the decision to build a new battery plant in Mexico. It’s unclear if the newly announced investment is related, but if so, the battery factory will likely assemble round cells for next-generation electric vehicles on the Neue Klasse platform.
BMW has already announced plans to invest at least $1 billion in building Spartanburg six electric SUVs on the architecture of the New Class by the end of the decade. Another $700 million will be spent on building a battery factory nearby.
The first factory to build non-ferrous electric vehicles will be the new plant in Debrecen, Hungary, where BMW is also building one battery plant. From 2026, electric vehicles will roll off the assembly line in Munich on the new foundations.