BMW INVESTING $1.7B IN S CAROLINA AS AUTOMAKER SHIFTS TO EVS
Techlife News|Techlife News #573
BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric battery plant nearby.
BMW INVESTING $1.7B IN S CAROLINA AS AUTOMAKER SHIFTS TO EVS

The German automaker’s announcement reflects its commitment to transitioning to electric-vehicle production in North America, in line with similarly ambitious plans by other major automakers.

The investment in the 7-million-square-foot vehicle factory in Greer, in the foothills of the Blue Ridge Mountains, would add an unspecified number of jobs to the more than 11,000 workers there.

The battery plant, to be built in nearby Woodruff, will employ 300, the company said, with hiring to begin within a few years.

In addition, BMW said it has signed a deal with Envision AESC of Japan to supply battery cells for a new class of at least six electric SUVs that will be built at the plant in Greer by 2030.

Envision will build its new factory at an unspecified site in South Carolina. The companies wouldn’t say how many people will be hired. But the number of jobs could be significant: Battery cell plants being built by other companies will employ between 1,100 and 2,200 workers.

Cells from the Envision factory will be shipped to the 1-million-square-foot plant in Woodruff, where they will be assembled into battery packs for the electric SUVs built at the larger plant. Assembling cells into packs takes far less labor than manufacturing the cells.

This story is from the Techlife News #573 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Techlife News #573 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM TECHLIFE NEWSView All
US GROWTH SLOWED SHARPLY LAST QUARTER TO 1.6% PACE.REFLECTING AN ECONOMY PRESSURED BY HIGH RATES
Techlife News

US GROWTH SLOWED SHARPLY LAST QUARTER TO 1.6% PACE.REFLECTING AN ECONOMY PRESSURED BY HIGH RATES

The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high-interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.

time-read
4 mins  |
April 27, 2024
ORACLE'S LARRY ELLISON SAYS PLANNED NASHVILLE CAMPUS WILL BE COMPANY'S 'WORLD HEADQUARTERS'
Techlife News

ORACLE'S LARRY ELLISON SAYS PLANNED NASHVILLE CAMPUS WILL BE COMPANY'S 'WORLD HEADQUARTERS'

Oracle Corp.’s planned campus in Nashville, Tennessee, will serve as the business software giant’s world headquarters, placing it in a city that’s a center for the U.S. healthcare industry, company Chairman Larry Ellison said.

time-read
2 mins  |
April 27, 2024
FTC SENDS $5.6 MILLION IN REFUNDS TO RING CUSTOMERS AS PART OF VIDEO PRIVACY SETTLEMENT
Techlife News

FTC SENDS $5.6 MILLION IN REFUNDS TO RING CUSTOMERS AS PART OF VIDEO PRIVACY SETTLEMENT

The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access.

time-read
1 min  |
April 27, 2024
AS BIDEN CELEBRATES COMPUTER CHIP FACTORIES VOTERS WAIT FOR THE PROMISED PRODUCTION TO START
Techlife News

AS BIDEN CELEBRATES COMPUTER CHIP FACTORIES VOTERS WAIT FOR THE PROMISED PRODUCTION TO START

President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024.

time-read
3 mins  |
April 27, 2024
US ADVANCES REVIEW OF NEVADA LITHIUM MINE AMID CONCERNS OVER ENDANGERED WILDFLOWER
Techlife News

US ADVANCES REVIEW OF NEVADA LITHIUM MINE AMID CONCERNS OVER ENDANGERED WILDFLOWER

The Biden administration has taken a significant step in its expedited environmental review of what could become the third lithium mine in the U.S., amid anticipated legal challenges from conservationists over the threat they say it poses to an endangered Nevada wildflower.

time-read
4 mins  |
April 27, 2024
TENSIONS BETWEEN BEIJING AND WASHINGTON ARE THE BIGGEST WORRY FOR US COMPANIES IN CHINA.REPORT SAYS
Techlife News

TENSIONS BETWEEN BEIJING AND WASHINGTON ARE THE BIGGEST WORRY FOR US COMPANIES IN CHINA.REPORT SAYS

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released this week.

time-read
3 mins  |
April 27, 2024
MICROSOFT & AMAZON FACE SCRUTINY FROM UK COMPETITION WATCHDOG OVER RECENT AI DEALS
Techlife News

MICROSOFT & AMAZON FACE SCRUTINY FROM UK COMPETITION WATCHDOG OVER RECENT AI DEALS

British competition regulators said this week they’ll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.

time-read
2 mins  |
April 27, 2024
OLYMPIC ORGANIZERS UNVEIL STRATEGY FOR USING ARTIFICIAL INTELLIGENCE IN SPORTS
Techlife News

OLYMPIC ORGANIZERS UNVEIL STRATEGY FOR USING ARTIFICIAL INTELLIGENCE IN SPORTS

Olympic organizers unveiled their strategy to use artificial intelligence in sports, joining the global rush to capitalize on the rapidly advancing technology.

time-read
2 mins  |
April 27, 2024
WHAT YOU NEED TO KNOW ABOUT WRAPPING YOUR CAR
Techlife News

WHAT YOU NEED TO KNOW ABOUT WRAPPING YOUR CAR

Gaze around the next time you’re stuck in traffic and see if you’re not surprised, maybe even a little saddened, by the monochromatic sea around you.

time-read
3 mins  |
April 27, 2024
TIKTOK MAY BE BANNED IN THE US. HERE'S WHAT HAPPENED WHEN INDIA DID IT
Techlife News

TIKTOK MAY BE BANNED IN THE US. HERE'S WHAT HAPPENED WHEN INDIA DID IT

The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature.

time-read
3 mins  |
April 27, 2024