BMW to build new vehicle at South Carolina plant

BMW will unveil a new car or truck later this 12 months that will be built at its plant in South Carolina, Chairman Oliver Zipse instructed CNBC.

The Spartanburg plant presently provides the BMW X3, X4, X5, X6 and X7 as very well as effectiveness models of most of the vehicles.

“At the conclude of the yr, we will make an announcement to develop another large-finish car or truck from this production site,” Zipse instructed CNBC’s Phil LeBeau on “Squawk Box.” “It is not a successor model, it truly is a model-new model, superior-conclude for the American market but also for the environment market.”

BMW at this time exports about 70% of the automobiles it generates at the U.S. plant, Zipse explained. He declined to disclose other details of the new automobile.

Car intelligence firm LMC Automotive expects BMW to start out developing a new crossover named the X8 at the plant starting up upcoming yr. The car is projected to be a two-row auto centered off BMW’s present-day a few-row X7.

Zipse reported the corporation “absolutely supports” the Biden administration’s purpose to have fifty percent of the vehicle industry’s gross sales be electric automobiles by 2030. But he claimed that objective will not be accomplished with the existing EV charging infrastructure.

“With present day infrastructure, we will not get there, but of study course we have 10 many years time to develop up alongside one another an infrastructure for charging desires, and so on,” he explained. “And I think with the infrastructure goals which the Biden administration set, I assume there is certainly a good option to at the very least occur extremely near to that sector.”

Read A lot more: CNBC road examination: The U.S. EV charging network isn’t all set for your family members road trip, enable by itself the anticipated wave of new automobiles

Autonomous robots assemble an X product SUV at the BMW producing facility in Greer, South Carolina, U.S. November 4, 2019.

Charles Mostoller | Reuters