00:00 It's Benzinga and here's what's on the block.
00:02 BMW has announced a £600 million investment in its UK plants to transition its MINI brand
00:08 to all-electric vehicles by 2030.
00:10 The company will produce two electric models at its Oxford plant starting in 2026 and by
00:15 2030, the plant will exclusively manufacture electric vehicles.
00:18 The investment is seen as a positive development for the UK car industry following Brexit uncertainty.
00:23 In addition, BMW invests £250 million in its UK factories to support EV production
00:28 with support from the UK government.
00:30 For all things money, visit Benzinga.com
00:32 [BLANK_AUDIO]
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