BMW, a leading manufacturer of automobiles in Germany, is anticipated to reveal plans to invest hundreds of millions of pounds to equip its Mini factory near Oxford to produce a new generation of electric vehicles.
At the Cowley factory, two new electric Mini models are scheduled to go into production in 2026.
The change is anticipated to secure the facility's viability as well as the future of another business in Swindon.
At the moment, more than 4,000 people are employed by the two locations.
BMW is anticipated to announce that it will spend £600 million modernizing the Cowley facility, expanding its body shop, and establishing a new space for installing batteries.
Additionally, it has plans to expand the Cowley and the Swindon factories where body panels for new cars are produced.
This will enable Cowley to produce both conventional vehicles and two next-generation electric models, the Mini Cooper and the bigger Mini Aceman.
The Countryman, a third electric vehicle, will be produced in Germany.
The government's Automotive Transformation Fund, estimated to be worth £75 million, will support the UK investment.
The future of the two UK facilities depends on BMW's decision because the Mini brand is anticipated to go all electric by 2030.
2019 saw the Cowley facility introduce the first electrified Mini.
However, the corporation said last year that manufacture of the majority of its electric vehicles would relocate to China, where the new models had been created in collaboration with Great Wall Motor.
BMW said that it was inefficient to produce both conventionally fueled and electric vehicles in the same factory at the time.
This strategy has obviously changed since then.
The new models will be produced starting in 2019 at Great Wall's factory in Zhangjiagang; Cowley is now anticipated to begin producing them in 2026.