BMW on Wednesday announced plans to begin manufacturing electronic vehicles at the plant in Spartanburg, South Carolina, as well as plans to build a new battery assembly facility also in Spartanburg County. (Video above: Morning headlines from WYFF News 4) The company has announced an investment of $1.7 billion in its U.S. operations, including $1 billion to prepare for electric vehicle production in Spartanburg and $700 million to build a new high-voltage battery assembly facility in Woodruff. The BMW XM will debut later this year. They said they expect at least six all-electric BMW models to be built in South Carolina by 2030, and company officials said BMW has partnered with Envision AESC, which will build a new battery cell plant in Woodruff, to supply the plant in Spartanburg. The new high-voltage battery assembly facility at Woodruff will create 300 new jobs and cover more than 1 million square feet. History of the Spartanburg BMW plant: The BMW plant in Spartanburg was founded 30 years ago and began producing cars two years later. Since then, the plant has become a global competence center for BMW Sports Activity vehicles and an important component of the company’s global production network. The plant currently represents an investment of approximately $12 billion, employs more than 11,000 employees and has an annual capacity of 450,000 vehicles. Even today. More than six million BMWs are built in South Carolina – for the US and global markets. Building on this strength, BMW has been the largest exporter of cars from the United States by value for the past eight years. Five quick facts from Wednesday’s announcement: The BMW Group is investing $1.7 billion in US operations to expand its manufacturing capacity and footprint in South Carolina. $1 billion of total investment to prepare the Spartanburg plant for the production of battery electric vehicles. $700 million of total investment to build a new high-voltage battery assembly facility in Woodruff that will create 300 new jobs. The BMW Group has entered into a partnership with Envision AESC, which will build a new battery cell plant in SC to supply the Spartanburg plant. At least six all-electric BMW models will be built in the SC by 2030.
BMW on Wednesday announced plans to begin manufacturing electronic vehicles at the plant in Spartanburg, South Carolina, as well as plans to build a new battery assembly facility also in Spartanburg County.
(Video above: Morning headlines from WYFF News 4)
The company announced a $1.7 billion investment in its U.S. operations, including $1 billion to prepare for electric vehicle production in Spartanburg and $700 million to build a new high-voltage battery assembly facility in Woodruff.
BMW said production of the all-new BMW XM plug-in hybrid electric vehicle will begin later this year.
They said they expect to build at least six all-electric BMW models in South Carolina by 2030.
Company officials said BMW has partnered with Envision AESC, which will build a new battery cell plant in Woodruff, to supply the plant in Spartanburg.
The new high-voltage battery assembly facility at Woodruff will create 300 new jobs and cover more than 1 million square feet.
History of the Spartanburg BMW plant:
The BMW plant was established in Spartanburg 30 years ago and began producing cars two years later.
Since then, the plant has become a global competence center for BMW Sports Activity vehicles and an important component of the company’s global production network.
The plant currently represents an investment of approximately $12 billion, employs more than 11,000 employees and has an annual capacity of 450,000 vehicles.
Even today. More than six million BMWs are built in South Carolina – for the US and global markets.
Building on this strength, BMW has been the largest exporter of cars from the United States by value for the past eight years.
Five quick facts about Wednesday’s announcement:
- The BMW Group is investing $1.7 billion in US operations to expand its manufacturing capacity and footprint in South Carolina.
- $1 billion of total investment to prepare the Spartanburg plant for the production of battery electric vehicles.
- $700 million of total investment to build a new high-voltage battery assembly facility in Woodruff that will create 300 new jobs.
- The BMW Group has entered into a partnership with Envision AESC, which will build a new battery cell plant in SC to supply the Spartanburg plant.
- At least six all-electric BMW models will be built in the SC by 2030.
“Web maven. Infuriatingly humble beer geek. Bacon fanatic. Typical creator. Music expert.”
More Stories
Bank of Japan decision, China PMI, Samsung earnings
Dow Jones Futures: Microsoft, MetaEngs Outperform; Robinhood Dives, Cryptocurrency Plays Slip
Strategist explains why investors should buy Mag 7 ‘now’