The investment will include $1 billion for production of EVs at BMW's South Carolina plant, and $700 million to build a new battery-assembly facility.
Going forward, it 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," BMW Chair Oliver Zipse said in a release.
BMW on Wednesday also announced a deal to purchase battery cells from Japan-based Envision AESC, which will build a new battery cell factory in South Carolina to supply the BMW plants. The Envision AESC facility is expected to have annual production capacity of 30 gigawatt hours — in line with plans of other automakers and battery suppliers for U.S. plants, BMW said.
A spokesperson for Envision AESC was not immediately available for comment. In April, the company announced plans to spend $2 billion to build a second U.S. plant in Kentucky. Its first plant in Tennessee supplies Nissan Motor. BMW has already announced four additional battery cell factories will be built in Europe and China to meet its demand for next-generation battery cells.production of EVs and batteries amid tightening emissions regulations and legislation to encourage domestic manufacturing.and the United States-Mexico-Canada Agreement, formerly the North American Free Trade Agreement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canoo Gets Order For 3000 EVs From Zeeba & 9300 From KingbeeCanoo has booked two large orders recently from national leasing companies that serve small to medium size businesses.
Read more »
Tesla Introduces New $550 J1772 Wall Connector For Non-Tesla EVsTesla's new J1772 Wall Connector is said to add up to 44 miles (70 kilometers) of range per hour, depending on the vehicle it's hooked up to.
Read more »
Renault CEO Doubts EVs And ICEs Will Reach Price Parity Anytime SoonRenault CEO said the price of the upcoming Renault 4 and 5 small EVs will remain considerably higher than combustion models of the same size.
Read more »
Apple iPhone Maker Foxconn Would Like To Build EVs For Tesla: CEOFoxconn claims that it can cut the design time of a car in half and reduce development costs by a third for automakers wanting to use its services.
Read more »
Classic Jaguar E-Types Offered As EVsWho would do such a thing to a vehicle Enzo Ferrari once called the “most beautiful car in the world.”
Read more »
These EVs Hit 60 MPH in Less Than 3.5 SecondsThese quick EVs also happen to be among the fastest battery-electric cars out there.
Read more »