BMW revealed on Friday it will invest RMB 20 billion ($2.8 billion) to broaden a production center in the northeastern Chinese city of Shenyang, as the German vehicle significant goals to start assembling its upcoming “Neue Klasse” electrical cars in your area in 2026. The quantity, which brings BMW’s overall financial investment in its biggest production center to RMB 105 billion, represents a velocity of the business’s efforts to get ready for higher EV need in China, where domestic producers continue to catch market share from their worldwide competitors. Building and construction of a RMB 10 billion battery plant in Shenyang is likewise underway, which is set to start operation with 2,000 brand-new tasks in 2026. BMW reported a 138% year-on-year rise in sales to almost 100,000 EVs in China in 2015, which represented almost a 3rd of its overall EV sales worldwide. [TechNode reporting]