By Mauro Orru

BMW AG said Wednesday that it will invest more than 100 million euros ($117.3 million) by 2022 in a plant in Germany for the production of battery modules as the company prepares for rising sales of electrified vehicles.

The German car maker said its Leipzig plant would start manufacturing battery modules in mid-2021.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94