BMW will spend $1.7 billion to build EVs in the US

@ 2022/10/20
It's a big day for huge EV investments in the US. The Biden admin announced it's awarding $2.8 billion to companies developing EV battery materials earlier today, and now BMW says it'll be investing another $1.7 billion towards building electric vehicles in America. $1 billion will go towards expanding its Spartanburg, South Carolina manufacturing plant to build EVs, while the remaining $700 million is earmarked to build a high-voltage battery facility in a nearby town called Woodruff.

No comments available.