SPARTANBURG, SC—BMW Group plans to invest $1.7 billion in its U.S. operations, including $1 billion to prepare for the production of electric vehicles at its flagship factory here. The automaker will also spend $700 million to construct a new 1-million-square-foot battery assembly facility in nearby Woodruff, SC. By 2030, BMW will build at least six fully electric models in the United States.
“For decades, Plant Spartanburg has been a cornerstone of [our] global success,” says Oliver Zipse, chairman of the board of management at BMW Group. “It is he home of the BMW X models that are so popular all over the world. Going forward, it will also be a major driver for our electrification strategy.