BMW completes $1.7 billion investment in EV production at U.S. plants

June 30 (Reuters) - BMW on Tuesday announced the completion of a $1.7 billion investment ‌in its production plants in South ‌Carolina, gearing up for the launch of fully electric ​vehicle production in the country.

• The German carmaker said it completed the expansion of its main plant in Spartanburg as well as ‌the construction of ⁠a new plant in Woodruff

What is BMW's $1.7 billion South Carolina investment for?

When will BMW start producing electric vehicles in America?

Why did BMW choose South Carolina for expansion?

How many electric models will BMW assemble domestically?

• BMW's iX5 SUV will be its ⁠first fully electric model made in the U.S., starting from late 2026

• At least five ​more fully ​electric models are ​scheduled to be ‌assembled in the U.S. by 2030

• The Spartanburg plant, which exports around half of its output, caters to the European SUV market and others

• On June 16, the European Parliament ‌voted to approve cutting ​duties on many U.S. goods ​imports

• "The completion ​of our investments in Plant Spartanburg ‌and Plant Woodruff demonstrates ​our confidence ​in the United States and reinforces South Carolina's role at the center of ​BMW Group's ‌glo

Fuente original: Yahoo Finance (https://finance.yahoo.com/news/bmw-completes-1-7-billion-150550551.html)