HomeAutomobileElectric car: BMW will invest 1,700 million dollars in the United States

Electric car: BMW will invest 1,700 million dollars in the United States

The granting of financial aid for the purchase of an electric car will soon be conditional on local production.

The German automaker BMW announced on Wednesday an investment of 1.7 billion dollars (1.73 billion euros) in the United States to produce batteries and electric vehicles in the country.

“BMW continues to roll out its plan towards electromobility (…), the group said in a press release, specifying that this investment would be used mainly to “prepare the production of electric cars” at the Spartanburg factory in South Carolina, on largest BMW plant in the world.

Remember that in the United States, the granting of financial aid for the purchase of an electric car will soon be conditional on local production.

>> More information to come on BFM Business in a few moments. Also watch BFM Business live on video and follow us On twitter.

Author: CO with AFP
Source: BFM TV

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