BMW invests € 1 billion in Austria

Today more than one million engines and ten million core engine components already leave the assembly lines of the Austrian BMW plant in Steyr, Upper Austria each year. The electric drive technology will play an even bigger role at the facility in the future.

Starting in 2025, the next generation of e-drives of the BMW Group will be produced here. By 2025, more than 600,000 e-powered engines will be manufactured. The company plans to invest € 1 billion by 2030 so that electric engines can also be assembled in Steyr in the future. BMW has already been operating in Austria for 40 years through its subsidiary BMW Motoren GmbH in Steyr. About 4,400 employees are involved in production and development work. The development location of Steyr is also treading new paths. At present, it is developing a completely new high-performance e-drive.

Austria is an important driver of innovative mobility concepts. Read more about the successful mobility industry in Austria.

planqc: "Austria offers enormous advantages due to its excellent research landscape in quantum physics"

The German quantum computing startup planqc really took off in 2024, winning major contracts and investors. In this interview, CEO Alexander Glätzle reveals what he appreciates about the company’s new facility in Innsbruck and the key role that the well-developed infrastructure for research and development there plays in the company's success.

From research to practical application: Quantum technology in Austria

Research institutions and companies are driving the development of quantum technologies in Austria, thereby strengthening the country's leading role as a business location. Initiatives such as Quantum Austria, featuring € 107 million in investments to strengthen the quantum technology ecosystem, are making an important contribution to this.

Austria in the fast lane in quantum technology

From ambitious startups to extensive government funding programmes: Austria is a promising business location for innovative companies and investors in the field of quantum technology. This enables progress and sustainable growth, a fact which is also demonstrated by successful young companies such as ParityQC, qtlabs and planqc.