BMW to expand research and innovation center in Germany

Automaker is investing USD469 million in first phase of expansion

BMW is expanding its FIZ Research and Innovation Center in Munich, (Germany), the automaker said in a press release last week. The expansion, which is a part of ‘FIZ Future’ masterplan, will expand the development center by around 50% by 2050. The German automaker is investing EUR400 million (USD469 million) in the first phase of the construction to create infrastructure for developing future mobility solutions. BMW has started construction work of a building complex with a total floor area of 157,000 meter square. The new building will become operational in 2019 and house around 5,000 employees developing hardware and software for the automaker’s future vehicles.