Posted on 10/19/2022 1:15:55 PM PDT by buckalfa
GREER, S.C. (WSPA) – BMW announced Wednesday morning it will invest $1.7 billion to build a new facility in the Upstate and electric vehicles in the United States.
$1 billion of the new investment will prepare the Spartanburg plant for the production of battery vehicles in the United States.
The additional $700 million will be invested in building a new high-voltage battery assembly in Woodruff.
Along with the investment, BMW signed an agreement with Envision AESC for the supply of battery cells for the Spartanburg plant.
1: my region will be hard pressed to absorb this investment into the existing infrastructure.
2: South Carolina is Germany's Mexico in terms of cheap labor.
3: How much of this investment will come from the Federal and state government?
Thoughts?
It won’t be built due to the coming global economic collapse.
They can’t be any worse than their ICE cars.....................can they?................
Despite continued concerns about the electric industries capability to provide for charing all these cars, they are clearly betting a lot of money that electricity supply issues will be solved.
Or they are building it for something else, and EV is just the cool thing to say right now. Perhaps to throw competitors off.
Not sure “demand” means what they think it does. Just because branDUHn “demands” foljs buy them doesnt mean folks will. Best of luck S.C.
4. How much tax dollars are subsidizing this
We all know what the difference is between a BMW and a porcupine...
With a porcupine you get stuck by the quill.
With a BMW you get stuck with the bill................
There is no intent to build infrastructure for 200 million EVs. More like 20 million EVs with ICE vehicles outlawed. The former middle class will be forced into mass transit and bicycles.
How many competing and incompatible battery designs does that put into the market now?
I have lost count.
BMW is at least a real company rather than the promo-ware “Early investor” hustle that so many other “EV Companies” are.
All the current talk of economic collapse does not appear to consider what happens when the EV charade fails too.
THAT is when things will go really bad.
More growth, retirees, crowded roads, migration, etc,
sounds like hell.
***********
That’s the world and has been every since humans became
a part of it. Reduced births is the only way to change
or a few nuclear bombs to reduce the population.
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Unless the location is state-owned property, a city or county has jurisdiction over the infrastructure and other questions. Either the Greer city council or the local county's planning commission has already had multiple meetings on the matter and approved traffic, fire, police, water, power, and other needs. I'm assuming this move is being announced after the govt entities have reviewed it and a complicated agreement has been executed covering services, impact fees, taxes, etc. There should be a wealth of public info available on this project.
Here’s what happens, because it already happens to Greenville.
Some good ol’ boys a job at the plant which has a very large amount of robotics and automation.
Then they bring in the engineers, tech folks, marketing, etc. And I’m betting that most on here are informed enough to know what political persuasion the latter are.
This, along with all the folks fleeing liberal dumps in other parts of the country, start to gradually turn SC a lovely shade of Purple.
It’ll be interesting to see what, if any, tax breaks, etc, they’ll be getting from the taxpayer. Something none of them agreed to
They’ve been promised something by the current administration.
Kind of curious to see if there are contingencies when China cuts of all the components or makes them so expensive that it isn’t worth it anymore.
Just think, the new Cadillac is $300k and only goes 300miles.
If anyone has driven north on I85 from Greenville to the NC border, it is an absolute nightmare.
Congratulations, you just laid out the quintessential argument by liberals against business in general.
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