Major automakers have announced billions in new capital investment in recent days to boost the American manufacturing supply chain for electric vehicle and battery component production—with a $2.8-billion cash infusion from the U.S. Energy Dept, also announced to spur other plant projects.
BMW Group said Oct. 19 it will invest $1.7 billion in its South Carolina-based operations, including $700 million to build an estimated 1-million-sq-ft high-voltage battery assembly plant in Woodruff and $1 billion to expand and retool its plant in Spartanburg to build electric vehicles.