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First fully electric BMW X5 debuts as South Carolina plant expand
Fox Business • • business
Key Points:
- BMW has completed a $1.7 billion investment in South Carolina, expanding its Spartanburg plant and building a new facility in Woodruff to produce fully electric vehicles.
- The company unveiled the fifth-generation BMW X5, the first fully electric BMW assembled in the U.S., with production starting later this year; at least five more electric models will be made in the U.S. by 2030.
- The Spartanburg plant, operational since 1994, has assembled 7.3 million BMW vehicles and exported nearly 3 million, valued at over $113 billion.
- The new BMW X5 will offer five drivetrain options: internal combustion, battery electric, plug-in hybrid, diesel, and hydrogen fuel cell, emphasizing customer choice and innovation.
- BMW's U.S. operations support over 120,000 jobs and contribute more than $43.3 billion annually to the American economy.
