BMW wants to produce at least six fully electric BMW X models by 2030, and it’s investing $1.7 billion in its Upstate operations to make it happen.
Here’s how the investment breaks down:
- $1 billion will go towards prepping Plant Spartanburg for electric vehicle production.
- $700 million will go towards building a new high-voltage battery assembly facility in Woodruff, creating 300+ jobs.
To help keep battery production local, BMW has partnered with Envision AESC — a manufacturer of lithium-ion batteries for electric vehicles — which will build a new battery cell factory in SC + will supply Plant Spartanburg with battery cells. The partnership also helps strengthen BMW’s regional supply chains.
Production of the new hybrid-electric BMW XM will begin later this year. Read more about the investment.