BMW Group is considering setting up an electric car battery factory in Thailand. The factory will support and supply batteries for BMWs plug-in hybrid vehicles in Thailand, the country's industry minister said. The sector contributes ten percent to the country's gross domestic product.
The construction of the factory is to start in 2017 with an investment expected to be of $57 million. The factory would produce batteries required for the hybrid vehicles more affordable for Thai customers.
The minister said they are working with BMW to offer tax benefits in order to make Thailand the centre for plug-in hybrids vehicles. "Hybrid vehicles are still expensive now but once there is a factory established and batteries are available this will make it affordable for consumers," the industry minister told reporters today.
The German automaker is expanding its range of electric vehicles with eDrive plug-in hybrid drive in 2016 onwards. In 2016 itself, the portfolio includes the likes of 225xe Active Tourer and 330e, to the top-end X5 xDrive40e and 740Le. The future plan is to provide full hybridization of the BMW fleet which will include the upcoming G30 5 Series and the G01 X3.