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According to Electrek.co, The German automaker’s investment was earlier believed to have been $1.16 billion towards CATL’s cause. But, BMW have confirmed that the deal is worth $4.7 billion. This will help grow CATL’s production capacity, which currently stands at 17.5 GWh and will soon be at 24 GWh.

The iX3 was unveiled only a few months ago while the Mini electric concept was revealed almost a year ago in 2017. BMW’s joint venture in China, BMW Brilliance Automotive (BBA) will commence production of the iX3 crossover in 2020. The made-in-China Mini electric will come out of BMW’s 50:50 joint venture with Great Wall Motor. The two manufacturers haven’t revealed a timeline for production but the Mini electric will start rolling out of BMW’s Oxford plant next year. It is also backed by the Chinese and the German governments which shall enable BMW to build over half a million vehicles in China next year; and exclusive production rights for the BMW iX3 electric crossover SUV.

According to Electrek.co, The German automaker’s investment was earlier believed to have been $1.16 billion towards CATL’s cause. But, BMW have confirmed that the deal is worth $4.7 billion. This will help grow CATL’s production capacity, which currently stands at 17.5 GWh and will soon be at 24 GWh.

The iX3 was unveiled only a few months ago while the Mini electric concept was revealed almost a year ago in 2017. BMW’s joint venture in China, BMW Brilliance Automotive (BBA) will commence production of the iX3 crossover in 2020. The made-in-China Mini electric will come out of BMW’s 50:50 joint venture with Great Wall Motor. The two manufacturers haven’t revealed a timeline for production but the Mini electric will start rolling out of BMW’s Oxford plant next year. It is also backed by the Chinese and the German governments which shall enable BMW to build over half a million vehicles in China next year; and exclusive production rights for the BMW iX3 electric crossover SUV.

According to Electrek.co, The German automaker’s investment was earlier believed to have been $1.16 billion towards CATL’s cause. But, BMW have confirmed that the deal is worth $4.7 billion. This will help grow CATL’s production capacity, which currently stands at 17.5 GWh and will soon be at 24 GWh.

The iX3 was unveiled only a few months ago while the Mini electric concept was revealed almost a year ago in 2017. BMW’s joint venture in China, BMW Brilliance Automotive (BBA) will commence production of the iX3 crossover in 2020. The made-in-China Mini electric will come out of BMW’s 50:50 joint venture with Great Wall Motor. The two manufacturers haven’t revealed a timeline for production but the Mini electric will start rolling out of BMW’s Oxford plant next year. It is also backed by the Chinese and the German governments which shall enable BMW to build over half a million vehicles in China next year; and exclusive production rights for the BMW iX3 electric crossover SUV.