EV demand has big factory projects churning across North America

The number of new electric nameplates that will launch by decade's end continues to grow. Each encouraging monthly sales and registration report emboldens an automaker somewhere to revise its EV strategy upward or push ahead with schedules.

BMW has not revealed which electric models it will build at its plant in Greer, S.C., but the company has earmarked $1.7 billion to upgrade the factory to build at least six battery-powered models there by 2030. According to AutoForecast Solutions, a battery-powered iX5 crossover will start the flow in late 2026, followed by the iX7 a year later. Production of the iX6 and iXM crossovers could begin in 2028.

Ford is investing $1.3 billion to transform its Oakville Assembly Plant in Ontario into an electric vehicle centre that will come online in late 2024. The site, renamed the Oakville Electric Vehicle Complex, will include a 407,000-square-foot battery pack assembly plant that will use cells produced at Ford's BlueOval SK Battery Park joint venture in Kentucky.

Hyundai Motor Group has begun constructing a $5.5 billion EV and battery complex outside of Savannah, Ga., called the Metaplant, that is slated to open in January 2025. The Metaplant will assemble six models for the Hyundai, Genesis and Kia nameplates, and will churn out 300,000 EVs a year, with the ability to add 200,000 more, depending on demand. Details about what specific models will be built there are still unknown.

Nissan Motor Co. is spending $500 million at its Canton, Miss., assembly plant to build a pair of electric vehicles starting mid-decade, one each for the Nissan and Infiniti brands. The Canton project is the first of several North American Nissan investments in EV and battery production over the next five years, but the company has not yet revealed further details. Nissan will assemble the two models on a new line at the 4.

Rivian is moving ahead with plans to begin EV production at a new $5 billion factory east of Atlanta in 2026, despite protests from local groups that oppose the project and have criticized its tax subsidies. The automaker will use the new plant to produce what it calls its R2 platform, designed to make EVs that are more affordable than its current R1T pickup and R1S crossover.

Source: News Formal (newsformal.com)

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