German carmaker BMW will produce the newest X3 model in South Africa from 2024. The company will invest $225.09 million for the electric vehicle in its plant in Rosslyn, according to the company’s statement.
In an official statement Chairman of the Board of Management of BMW South Africa Milan Nedeljkovic said, “From 2024, we will produce the BMW X3 in South Africa as a plug-in hybrid and export it all over the world. With an investment of 4.2 billion rand (over 200 million euros), the Rosslyn plant will be enabled for electromobility.”
According to Milan Nedeljkovi, this investment represents a further advancement in the development of effective, digitalized, resource-friendly production.
Nedeljkovi claimed that the BMW Group was strengthening its ties to South Africa, which have been formed over the course of five decades there, with this investment in electrification and digitalization.
The carmaker’s Rosslyn plant presently builds the combustion engine 3 series, which has a capacity of up to 75,000 units per year, said its website.
The vehicles produced in the plant are exported in countries like the United States, Taiwan, Japan, Singapore, New Zealand, Hong Kong, Australia, Sub-Saharan Africa and Canada.
The investment, which is in accordance with the global BMW iFACTORY master plan for future production, was unveiled on Wednesday in Johannesburg as the BMW Group marked its golden jubilee in South Africa.
