BMW Starts Production At New $2.2 Billion China Plant To Ramp Up EV Output
Germany’s BMW said today that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) production.
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Electric Vehicles Are Getting More Expensive Because Raw Material Costs Have More Than Doubled To $8,000, Research Finds
The cost of producing electric vehicles soared in the last two years, with the price of the raw materials needed to build the cars more than doubling since the start of the pandemic, CNBC reported citing research from consulting firm AlixPartners.