With New Battery Plant, BMW Likely Secures $7500 Tax Credit for Customers

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With New Battery Plant, BMW Likely Secures $7500 Tax Credit for Customers
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The German manufacturer is determined to sell EVs eligible for federal IRA tax breaks.

. Announcing that ground has broken on its new high-voltage battery assembly factory, the Woodruff, South Carolina, facility is poised to provide sixth-generation batteries for BMW's future EVs. At more than a million square feet, the battery plant will be closely tied to, as BMW optimizes its US manufacturing facilities for EVs.SWINSKY

"Today's groundbreaking is the start of a new era at Plant Spartanburg as we prepare to produce fully electric BMW X models for the world," said Robert Engelhorn, president and CEO of BMW Manufacturing. "The road to the future begins here in Woodruff as we build on our legacy of producing high-quality vehicles right here in the US. Plant Woodruff will be state-of-the-art in terms of sustainability, flexibility, and digitalization.

, a local partner of BMW with a new 30-GWh battery cell factory under construction in Florence, South Carolina. The chemistry of the newly developed round lithium-ion battery cells is specific to BMW, with the company claiming an increase in energy density by more than 20% and a charging speed and range improvement of up to 30%. BMW will be its first customer, as AESC's plant broke ground on June 7.

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