BMW Investing $1.7 Billion To Expand U.S Plant And Build Six New Electric Cars | Carscoops carscoops ⚠️
will invest $1.7 billion to expand its American operations in Spartanburg, South Carolina, and prepare for the production of at least six new electric vehicles.
As part of the expansion, BMW will invest $1 billion in the plant, specifically. That will prepare the SUV manufacturing facility for the new electric vehicles, which will, in turn, allow it to go beyond the production of the two plug-in hybrid vehicles it already offers,Although the facility currently makes lithium-ion battery modules for those vehicles, that will likely no longer be the case following this expansion.
The 1 million-square-foot facility will be operated by 300 new employees, and will produce BMW’s next-generation cylindrical batteries. The new battery format increases energy density by 20 percent, improves charging speeds by 30 percent, and enhances range by 30 percent, according to the automaker.
The batteries will be produced with the cooperation of Envision AESC, which BMW describes as an important partner in its plan to strengthen its regional supply chain. Production of the batteries, meanwhile, will require“This is a very important step for Plant Spartanburg as we continue our legacy of producing high-quality vehicles, and build on the success of the last 30 years,” said Robert Engelhorn, President and CEO, BMW Manufacturing Co.
“Going forward, [Spartanburg] 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,” said Zipse. “That means: The ‘Home of the X’ is also becoming the ‘Home of the Battery Electric Vehicle’.”
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