On January 10, BMW Group officially announced that it will invest 650 million euros to renovate the Munich plant in Germany, including four buildings, a new car assembly line with logistics area and new body shop, and will produce pure electric models as early as the end of 2027. The BMW Group said that the Neue Klasse pure electric model will be officially put into production from 2026, and the 75-year era of internal combustion engine vehicles at the Munich plant will end by the end of 2027, making the plant the first in the BMW Group's global production network to successfully complete the electric transformation from the end of 2027.