BMW takes next step toward all-electric vehicles, breaks ground on Woodruff battery plant

SourceGreenville News
Date Published06/27/2023
Author NameBob Montgomery

Additional Reshoring Information:

Company/Division name BMW Group
Parent companyBMW Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):700
Country(ies) from which reshored:Germany
City reshored to:Woodruff
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhigh-voltage batteries
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, IRA
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