It’s a significant day for massive EV investments in the United States. The Biden administration stated earlier today that it would give $2.8 billion to firms creating EV battery materials, and now BMW says it will spend another $1.7 billion in producing electric cars in America. The remaining $700 million will be used to develop a high-voltage battery factory in a neighboring town named Woodruff, while $1 billion will be used to expand its Spartanburg, South Carolina manufacturing plant to make EVs.
Plant Spartanburg, as the firm refers to its production plant, is home to the popular “X” automobiles. According to BMW’s US group chairman Oliver Zipse, it will now serve as the headquarters for the company’s electrification plan. He said that the business plans to manufacture at least six electric BMW X cars by 2030 when the Biden administration hopes to have EVs account for half of the new car sales in the United States.
BMW also intends to manufacture sixth-generation battery cells utilizing Envision AESC technology, which will be used to construct the aforementioned battery factory. The business says that the new batteries have 20% higher energy density than its existing technology, as well as 30% quicker charging and range. Furthermore, by employing secondary minerals and renewable energy during manufacture, they will emit around 60% less CO2.
