BMW Group announces 1.7 billion USD investment to build electric vehicles in the US
BMW Group continues the roll-out of its electromobility plan with a new investment in the U.S. to expand plant Spartanburg and the company’s manufacturing footprint in the U.S.
BMW Group Chairman of the Board of Management, Oliver Zipse, announced a 1.7 billion USD investment in its U.S. operations, including 1 billion USD to prepare to produce electric vehicles at the company’s existing U.S. manufacturing facility in South Carolina, and 700 million USD to build a new high-voltage battery assembly facility in nearby Woodruff, SC.
By 2030 BMW Group will build at least six fully electric models in the U.S.
“For decades, Plant Spartanburg has been a cornerstone of the global success of the BMW Group. The home of the BMW X models that are so popular all over the world. Going forward, it will also be a major driver for our electrification strategy, and we will produce at least six fully electric BMW X models here by 2030. That means: The ‘Home of the X’ is also becoming the ‘Home of the Battery Electric Vehicle’,” said Zipse. “In addition, we can showcase BMW Group’s ‘local for local’ principle: Our newly developed sixth generation battery cells, which were specifically designed for the next generation electric vehicles, will be sourced here in South Carolina – where X goes electric.”