BMW will have six US-made EVs by 2030.
BMW will spend $1 billion on EV production and $700 million for a new battery facility.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.
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.
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