BMW expands US EV and battery manufacturing footprint with new $1.7B investment

URLhttps://electrek.co/2022/10/19/bmw-invests-1-7b-to
SourceElectrek
Date Published10/19/2022
Author NamePeter Johnson
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BMW
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):700
Country(ies) from which reshored:Germany
City reshored to:Woodruff
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicles
What domestic positive factors made reshoring more attractive?Government Incentives, IRA, zero emissions policy, Biden
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