BMW spending $1.7B to build EVs in US

2022 BMW iX xDrive50BMW on Wednesday announced a major investment in its U.S. plant to prepare it for production of electric vehicles. The automaker said it will spend $1 billion on its plant in Spartanburg, South Carolina, to prepare the site for EVs, plus a further $700 million to build a new battery plant in nearby Woodruff, South Carolina, and hire 300 workers…

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