BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund.
Its focus continues to be on early to mid-stage startup companies, many of them based in Silicon Valley.
The Renault-Nissan plant resumed operations last week after workers earlier went on strike saying they felt unsafe due to a rising number of coronavirus infections at the factory.
Speaking at the carmaker's annual shareholder meeting, Chief Executive Officer Oliver Zipse said the company plans a small production run of a hydrogen fuel-cell powered x5 SUV next year.
Most of the auto industry is focusing its efforts on developing battery-electric cars to meet tightening emission standards in Europe and China.
Companies that hold exploration licences for swathes of the sea floor, including DeepGreen, GSR and UK Seabed Resources - a subsidiary of Lockheed Martin's UK-based arm - hope to eventually sell minerals from the seabed to carmakers and battery companies.
The European Union last week approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries.
The EU's approval of the 2.9 billion euro European Battery Innovation project, which includes more than 40 companies
The automaker asked the National Highway Traffic Safety Administration (NHTSA) to declare the noncompliance issue inconsequential to safety.
Tesla said it corrected the issue in production in September and that more than 75% percent of the affected US vehicles have accepted the firmware update released in September.
The regional STOXX 600 index closed up 0.05pc after a mixed session, while Germany's DAX rose 0.1pc, France's CAC inched 0.2pc lower and Britain's FTSE 100 fell 0.7pc.
"We succeeded in concluding the year with a strong fourth quarter and once again we lead the premium segment worldwide," BMW board member Pieter Nota said in a statement.
The group now expects the segment's margin on earnings before interest and tax (EBIT) to come in at 2pc-3pc, having previously expected 0pc-3pc, Peter said.
Herbert Diess cited the improving performance of computer chips needed in autonomous cars while developments in artificial intelligence are also speeding the process.