BMW has completed a $1.7 billion investment in its South Carolina plants to begin producing fully electric vehicles in the US, with the iX5 SUV starting late 2026. The move underscores the carmaker's commitment to American manufacturing and positions South Carolina as a central hub for its global EV output.
BMW's iX5 SUV will be its first fully electric model made in the U.S.
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,
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Tesla and SpaceX have confirmed Grimes County, Texas as the site for their Terafab semiconductor megafactory, with the first phase costing roughly $16.8 billion. The project targets the largest chip manufacturing facility on the planet to supply over 1 terawatt of compute per year that exceeds current and future global production capacity.
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