BMW Unveils U.S.-Built iX5 as $1.7 Billion South Carolina EV Expansion Nears Completion
Updated
Updated · Fox Business · Jun 30
BMW Unveils U.S.-Built iX5 as $1.7 Billion South Carolina EV Expansion Nears Completion
3 articles · Updated · Fox Business · Jun 30
Summary
Plant Spartanburg unveiled the iX5, which BMW said will become its first fully electric vehicle assembled in the U.S. when production starts at year-end.
$1.7 billion underpins that launch: BMW is finishing a $1 billion upgrade at the South Carolina plant and a $700 million battery assembly site in nearby Woodruff.
BMW said the iX5 is the first step in a broader U.S. EV buildout, with at least five more fully electric models planned for assembly in South Carolina by 2030.
The push stands out as some rivals delay EV plans; BMW says the U.S. is its second-largest market and that Spartanburg also serves global demand through exports.
$113 billion in vehicle exports from 2014 through 2025 helped make BMW the top U.S. automotive exporter by value for more than a decade, reinforcing the plant's strategic role.