The US battery-building spree continues as BMW and Hyundai each made major announcements this month. First, BMW Group announced a $700 million investment to build a new high-voltage battery assembly facility in Woodruff, SC, close to the company’s Spartanburg automobile manufacturing facility, which will get an influx of $1 billion to make it EV production-ready.
The new facility in Woodruff will encompass over 1 million sq. ft. and produce next generation batteries for fully electric vehicles, according to BMW. Around 300 new jobs will be created on site.
