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The UK government confirmed on Monday that German car giant BMW will make a multi-million-pound investment in its Mini plants in the country, which are intended to "transform" BMW's plant in Oxford, "securing 4,000 high-quality jobs and strengthening the electric vehicle supply chain".

In a press release, Prime Minister Rishi Sunak said: "BMW's investment is another shining example of how the UK is the best place to build cars of the future," adding that by backing their car manufacturing industry, they "are securing thousands of jobs" and growing their economy right across the country, as his government has offered tens-of-millions of pounds for BMW.

The first Mini electric car model was launched in 2019 at the Oxford plant, but BMW announced last year that most of its electric cars are to be manufactured in China.  

However, this investment is meant and expected to make the Oxford plant fit for electric vehicle production, as all Minis are set to be electric by 2030.  

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In light of this news, Business and Trade Secretary Kemi Badenoch said: "Today's announcement by BMW, coming a week after electric vehicle production started at Stellantis's site at Ellesmere Port, clearly shows that the government's plan for the automotive sector is working".