TSLA358.1303.32%
GM78.3001.3%
F12.1150.055%
RIVN14.890-0.05%
CYD32.1201.09%
HMC31.6350.035%
TM183.1900.09%
CVNA62.6900.15%
PAG203.2802.94%
LAD299.6657.835%
AN166.5859.145%
GPI250.1509.71%
ABG176.2453.945%
SAH63.5803.23%
TSLA358.1303.32%
GM78.3001.3%
F12.1150.055%
RIVN14.890-0.05%
CYD32.1201.09%
HMC31.6350.035%
TM183.1900.09%
CVNA62.6900.15%
PAG203.2802.94%
LAD299.6657.835%
AN166.5859.145%
GPI250.1509.71%
ABG176.2453.945%
SAH63.5803.23%
TSLA358.1303.32%
GM78.3001.3%
F12.1150.055%
RIVN14.890-0.05%
CYD32.1201.09%
HMC31.6350.035%
TM183.1900.09%
CVNA62.6900.15%
PAG203.2802.94%
LAD299.6657.835%
AN166.5859.145%
GPI250.1509.71%
ABG176.2453.945%
SAH63.5803.23%

BMW completes $1.7 billion South Carolina investment, unveils new X5

BMW completes $1.7B South Carolina investment, unveils electric X5 as first fully electric BMW model built in the U.S.

BMW completes $1.7 billion South Carolina investment, unveils new X5

BMW Group CEO Milan Nedeljković

On the Dash:

  • BMW completed a $1.7 billion investment in Plant Spartanburg and the new Plant Woodruff.
  • The X5 debuts as BMW’s first U.S.-built fully electric model, production starting late 2026.
  • BMW’s South Carolina plants will support at least six electric models by 2030.

BMW Group has completed a $1.7 billion investment in its South Carolina operations. The automaker marked the milestone with a “Home of X” event at Plant Spartanburg on June 30.

The investment covers the expansion of Plant Spartanburg and the construction of a new plant in Woodruff. Together the two plants will support the assembly of fully electric BMW vehicles in South Carolina.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

The event also served as the world premiere for the fifth-generation BMW X5. BMW confirmed the electric iX5 will be the first fully electric BMW assembled in the United States. Production starts in late 2026.

The new X5 will be the first vehicle in BMW’s lineup offered with five drivetrain options. Those include internal combustion, battery electric, plug-in hybrid, diesel and, eventually, hydrogen fuel cell. Plant Spartanburg will be the first plant in BMW’s global network capable of building a single model across all five drivetrain technologies on one assembly line.

Milan Nedeljković, chairman of the board of management at BMW AG, tied the milestone to a commitment BMW made in 2022.

“When we announced our investment plans for South Carolina in 2022, we made a clear commitment to the future of the BMW Group in the United States. Today, we are delivering on that commitment. 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 global operations,” Nedeljković said.

BMW’s South Carolina operations have produced more than 7.3 million vehicles since 1994. The plant built 412,799 X models in 2025 alone. Roughly half of that output is exported to nearly 120 countries.

BMW says its U.S. operations now span nearly 30 locations across 12 states, support more than 120,000 jobs and contribute more than $43.3 billion annually to the U.S. economy. The company plans to assemble at least six fully electric models in the United States by 2030, with high-voltage batteries supplied locally from Plant Woodruff.

More from Industry News
Ford’s Farley says F-150 supplier issues are fixed, sounds alarm on trades training

Ford’s Farley says F-150 supplier issues are fixed, sounds alarm on trades training

- October 1, 2026
On the Dash: Farley said the F-150 supplier issue is fixed but will reduce third-quarter wholesale shipments.  Dealers held about 40 days of pickup supply, below Ford's 50- to 60-day...
Chevy Bolt production target reportedly cut to 35,000 units

Chevy Bolt production target reportedly cut to 35,000 units

- October 1, 2026
On the Dash: UAW documents reportedly show GM targeting 35,000 revived Bolts, down sharply from the 150,000 units the Fairfax plant could potentially produce. The 2027 Bolt returns with updated...
Filosa says Stellantis turnaround plan will pay off by 2027

Filosa says Stellantis turnaround plan will pay off by 2027

- October 1, 2026
On the Dash: Stellantis is holding its 2026 guidance, with positive industrial free cash flow expected in 2027. Industrial free cash flow targets reach 3 billion euros in 2028 and...
GM and LG expand LMR battery production with 500 new Tennessee jobs

GM and LG expand LMR battery production with 500 new Tennessee jobs

- September 30, 2026
On the Dash: Ultium Cells plans to become the first manufacturer to commercially produce LMR prismatic battery cells, with production expected to begin after facility upgrades are completed in 2028. ...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.