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BMW's $1.7B EV Push in SC: Electric X5 Production Begins
6 Jul
Summary
- BMW finalized a $1.7 billion investment in South Carolina.
- The plant will produce the first fully electric BMW X5 assembled in the U.S.
- At least five more electric BMW models will be built in the U.S. by 2030.
BMW has finalized a substantial $1.7 billion investment in South Carolina, reinforcing its long-term commitment to the U.S. market. This significant capital infusion includes a $1 billion upgrade to its Plant Spartanburg and a new $700 million battery assembly facility.
As a key outcome of this investment, BMW unveiled the new iX5, the first battery-electric X5 model. Production of this all-electric vehicle is set to commence at the end of this year, making it the first fully electric BMW assembled in the United States.
Looking ahead, Plant Spartanburg is slated to produce at least five additional fully electric BMW models by 2030. This strategic move underscores BMW's dedication to its EV strategy, even as other automakers adjust their electric vehicle plans. The U.S. remains BMW's second-largest market, and the Spartanburg plant plays a crucial role in its global manufacturing network, exporting vehicles worldwide.
