BMW completes $1.7 billion investment in EV production at U.S. plants

Reuters

Tue, June 30, 2026 astatine 10:16 AM CDT 1 min read

June 30 (Reuters) - BMW connected Tuesday announced the completion of a $1.7 cardinal concern ‌in its accumulation plants successful South ‌Carolina, gearing up for the motorboat of afloat electrical ​vehicle accumulation successful the country.

• The German carmaker said it completed the enlargement of its main works successful Spartanburg arsenic good arsenic ‌the operation of ⁠a caller works successful Woodruff

• BMW's iX5 SUV volition beryllium its ⁠first afloat electrical exemplary made successful the U.S., starting from precocious 2026

• At slightest 5 ​more afloat ​electric models are ​scheduled to beryllium ‌assembled successful the U.S. by 2030

• The Spartanburg plant, which exports astir fractional of its output, caters to the European SUV marketplace and others

• On June 16, the European Parliament ‌voted to o.k. cutting ​duties connected galore U.S. goods ​imports

• "The completion ​of our investments successful Plant Spartanburg ‌and Plant Woodruff demonstrates ​our assurance ​in the United States and reinforces South Carolina's relation astatine the halfway of ​BMW Group's ‌global operations," CEO Milan Nedeljkovic said

(Reporting by ​Simon Ferdinand Eibach and Rachel More, ​Editing by Linda Pasquini)