BMW has announced the intention to invest $1,700,000,000 into its industrial division in the United States. InsideEVs believes the majority of the funds will be directed into an upgrade of the carmaker’s Spartanburg factory, where it intends to be producing at least six new EV models by the early 2030s.
At this moment, the factory churns out 11 BMWs, including X-series SUVs, M sports cars, and a couple of hybrids. The newly announced BMW XM super-SUV will join the ranks soon, too (you will find it in our gallery and video).
Overall, the Bavarian company plans to invest $1,000,000,000 into a reorganization of the production. As a result, most of the vehicles made in Spartanburg will get all-electric counterparts by the beginning of the next decade, InsideEVs supposes.
Another $700,000,000 will go into a battery production facility in South Carolina. The batteries made there will be shipped to Spartanburg and installed into cars. However, BMW will also be opening a joint enterprise with U.S.-based battery manufacturer Envision to increase the production volumes. The two businesses will be opening a new factory in South Carolina that will specialize in lithium-ion battery cells and churn out up to 30 gigawatt-hours’ worth of cells every year.