BMW to construct new automobile at South Carolina plant

BMW will unveil a brand new automobile later this 12 months that shall be constructed at its plant in South Carolina, Chairman Oliver Zipse instructed CNBC.

The Spartanburg plant presently produces the BMW X3, X4, X5, X6 and X7 in addition to efficiency fashions of a lot of the autos.

“On the finish of the 12 months, we are going to make an announcement to construct one other high-end automotive from this manufacturing web site,” Zipse instructed CNBC’s Phil LeBeau on “Squawk Field.” “It isn’t a successor mannequin, it is a brand-new mannequin, high-end for the American market but additionally for the world market.”

BMW presently exports about 70% of the autos it produces on the U.S. plant, Zipse stated. He declined to reveal different particulars of the brand new automobile.

Auto intelligence agency LMC Automotive expects BMW to start producing a brand new crossover referred to as the X8 on the plant beginning subsequent 12 months. The automobile is projected to be a two-row automobile based mostly off BMW’s present three-row X7.

Zipse stated the corporate “totally helps” the Biden administration’s aim to have half of the auto trade’s gross sales be electrical autos by 2030. However he stated that aim is not going to be achieved with the present EV charging infrastructure.

“With at the moment’s infrastructure, we is not going to get there, however after all we now have 10 years time to construct up collectively an infrastructure for charging wants, and so forth,” he stated. “And I feel with the infrastructure targets which the Biden administration set, I feel there is a good alternative to not less than come very near that market.”

Learn Extra: CNBC highway take a look at: The U.S. EV charging community isn’t prepared for your loved ones highway journey, not to mention the anticipated wave of recent vehicles

Autonomous robots assemble an X mannequin SUV on the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019.

Charles Mostoller | Reuters

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