# BMW Group to invest €1B in e-drive production at Steyr plant

BMW Group will invest around one billion euros by 2030 to produce next-generation e-drives at its Steyr engine plant in Austria, with annual capacity of over 600,000 units starting in 2025.

- Type: Expansion
- Announced: 2022-06-20
- Where: Steyr, Upper Austria, Austria
- Value: $1.05B (1.00B EUR)
- Starts operating: 2025
- Status: announced
- Capacity: over 600,000 units per year
- Products: e-drives
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BMW](https://endata.com/companies/13009.md)

## Sources

- [newsroom.bmwgroup.com](https://newsroom.bmwgroup.com/global/bmw-group-brings-e-drives-to-austria-expansion-of-production-and-development-at-steyr-engine-plant/), 2022-06-20: "From 2025, we will also develop and produce the next generation of e-drives here."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.