BMW will spend $1 billion on EV production and $700 million for a new battery facility. | Photo by Roberto Baldwin for The Verge
BMW says it will make batteries for its electric vehicles at a factory in South Carolina in the latest move by a major automaker to localize EV production in the United States.
The German company plans to invest $1.7 billion in the US, including $1 billion for EV production at BMW’s Spartanburg plant and $700 million for a new battery-assembly facility in nearby Woodruff.
By 2030, BMW says it will have at least six electric models in production in the US. Establishing a US-based EV plant will allow BMW’s upcoming line of plug-in vehicles to qualify for the federal EV tax credit.
BMW said it is partnering with Envision AESC on its…