BMW investing $1.7B in S Carolina as automaker shifts to EVs
BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start building electric vehicles and an additional $700 million to build a electric-battery plant nearby
DETROIT (AP) — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start building electric vehicles and an additional $700 million to build a electric-battery plant nearby.
The German automaker’s announcement Wednesday reflects its commitment to transitioning to electric-vehicle production in North America, in line with similarly ambitious plans by other major automakers.
The investment in the 7 million-square-foot campus in the foothills of the Blue Ridge Mountains could add an unspecified number of jobs to the more than 11,000 people working there. The battery plant in nearby Woodruff will employ 300.
In addition, BMW said it has signed a deal with Envision AESC of Japan to supply battery cells for a new class of at least six electric SUVs that will be built at the huge plant in Greer, South Carolina, by 2030.
