{"id":11631,"date":"2023-02-06T11:36:16","date_gmt":"2023-02-06T11:36:16","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=11631"},"modified":"2023-02-06T11:36:18","modified_gmt":"2023-02-06T11:36:18","slug":"bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/","title":{"rendered":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal"},"content":{"rendered":"\n
\n <\/div>\n\n\n\n

Automotive manufacturer BMW Group announced today plans to invest \u20ac800 million (US$860 million) in a Mexican electric vehicle (EV) production site and battery assembly facility.<\/p>\n\n\n\n

In a statement announcing the investment, the company said that is \u201caccelerating its ramp-up of e-mobility,\u201d and could reach its target to have 50% of company-wide sales be EVs by 2030.<\/p>\n\n\n\n

BMW set the 2030 goal<\/a> at its annual meeting in May 2021, alongside a series of sustainability goals including avoiding more than 200 million tonnes of CO2 emissions by 2030 and pledges to focus on circular economy measures in vehicle production and end-of-life.<\/p>\n\n\n\n

The plant in San Luis Potos\u00ed, Mexico, will produce fully-electric models for BMW\u2019s upcoming next generation of vehicles, NEUE KLASSE, which are expected to launch in 2025. The company has said that the NEUE KLASSE of vehicles will be characterized a completely redefined IT and software architecture, a new generation of high-performance electric drivetrains and batteries, and a radically new approach to sustainability across the entire vehicle life cycle.<\/p>\n\n\n\n

The new investment in Mexico includes \u20ac500 million earmarked for the construction of a new assembly center for high-voltage batteries, spanning an area of 85,000 square meters. The company\u2019s San Luis Potos\u00ed plant, which came online in 2019 will be expanded to integrate the NEUE KLASSE vehicles beginning in 2027.<\/p>\n\n\n\n

BMW recently announced a $1.7 billion investment to increase its U.S. electromobility<\/a> capacity, including $1 billion to expand its South Carolina manufacturing facility, Plant Spartanburg, and $700 million to build a new 1 million square foot high-voltage battery assembly facility.<\/p>\n\n\n\n

Milan Nedeljkovi\u0107, member of the Board of Management of BMW AG, said:<\/p>\n\n\n\n

\n

\u201cWe are systematically gearing our production network towards electromobility. In Mexico, we are investing 800 million euros in our plant and creating around 1,000 new jobs.\u201d<\/p>\n<\/blockquote><\/span>","protected":false},"excerpt":{"rendered":"

Automotive manufacturer BMW Group announced today plans to invest \u20ac800 million (US$860 million) in a Mexican electric vehicle (EV) production site and battery assembly facility. In a statement announcing the investment, the company said that is \u201caccelerating its ramp-up of e-mobility,\u201d and could reach its target to have 50% of company-wide sales be EVs by […]<\/p>\n","protected":false},"author":2,"featured_media":11632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,36],"tags":[],"acf":[],"yoast_head":"\nBMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Automotive manufacturer BMW Group announced today plans to invest \u20ac800 million (US$860 million) in a Mexican electric vehicle (EV) production site and battery assembly facility. In a statement announcing the investment, the company said that is \u201caccelerating its ramp-up of e-mobility,\u201d and could reach its target to have 50% of company-wide sales be EVs by […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T11:36:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-06T11:36:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/02\/BMW3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"946\" \/>\n\t<meta property=\"og:image:height\" content=\"654\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal\",\"datePublished\":\"2023-02-06T11:36:16+00:00\",\"dateModified\":\"2023-02-06T11:36:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\"},\"wordCount\":291,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Companies\",\"Energy Transition\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\",\"url\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\",\"name\":\"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2023-02-06T11:36:16+00:00\",\"dateModified\":\"2023-02-06T11:36:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/","og_locale":"en_US","og_type":"article","og_title":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today","og_description":"Automotive manufacturer BMW Group announced today plans to invest \u20ac800 million (US$860 million) in a Mexican electric vehicle (EV) production site and battery assembly facility. In a statement announcing the investment, the company said that is \u201caccelerating its ramp-up of e-mobility,\u201d and could reach its target to have 50% of company-wide sales be EVs by […]","og_url":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2023-02-06T11:36:16+00:00","article_modified_time":"2023-02-06T11:36:18+00:00","og_image":[{"width":946,"height":654,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/02\/BMW3.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal","datePublished":"2023-02-06T11:36:16+00:00","dateModified":"2023-02-06T11:36:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/"},"wordCount":291,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Companies","Energy Transition"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/","url":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/","name":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2023-02-06T11:36:16+00:00","dateModified":"2023-02-06T11:36:18+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/bmw-says-it-could-reach-50-ev-sales-earlier-than-2030-goal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"BMW Says it Could Reach 50% EV Sales Earlier than 2030 Goal"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/11631"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=11631"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/11631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/11632"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=11631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=11631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=11631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}