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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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BMW South Africa to make electrified X3

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The new BMW X3 is displayed during a media preview of the Auto China 2018 motor show in Beijing, Chi... The new BMW X3 is displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj
The new BMW X3 is displayed during a media preview of the Auto China 2018 motor show in Beijing, Chi... The new BMW X3 is displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj

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BMW (BMWG.DE) announced on Thursday that it will construct its X3 model in South Africa in 2024, investing 4.2 billion rand ($225.09 million) to electrify its Rosslyn facility.

“From 2024, we will produce the BMW X3 in South Africa as a plug-in hybrid and export it all over the world,” said BMW South Africa Chairman Milan Nedeljkovic.

“With an investment of 4.2 billion rand (over 200 million euros), the Rosslyn plant will be enabled for electromobility,” he continued.

According to their website, Rosslyn produces up to 75,000 combustion engines in three series per year.

The plant exports automobiles to Taiwan, Japan, Singapore, New Zealand, Hong Kong, Australia, Sub-Saharan Africa, and Canada.

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