BMW's South Carolina plant is already the automaker's biggest, and soon it will be expanded with EV production.
BMW on Wednesday announced a major investment in its U.S. plant to prepare it for production of electric vehicles.
The automaker said it will spend $1 billion on its plant in Spartanburg, South Carolina, to prepare the site for EVs, plus a further $700 million to build a new battery plant in nearby Woodruff, South Carolina, and hire 300 workers. The Spartanburg plant is BMW's biggest in the world, with a total 433,810 vehicles rolling off the line in 2021. It produces the X3, X4, X5, X6, and X7 lines, including hybrid versions of some of those vehicles, and will soon add production of the newBMW said at least six EVs will be built at the Spartanburg plant by 2030. Most of these will likely be electric versions of the existing SUV lines.The battery plant in Woodruff will be operated in partnership with Envision AESC.
BMW with its partners also plans four additional battery plants in Europe and China. Each of the plants will have a capacity of more than 20 gwh. BMW's announcement is the latest of several recent multibillion-dollar investments in U.S. EV production following the passing of legislation that encourages domestic production, specifically the Inflation Reduction Act and the United States-Mexico-Canada Agreement. With these policies, automakers are able to avoid tariffs or qualify for financial incentives by producing domestically.
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