SPARTANBURG, SC—BMW Group plans to invest $1.7 billion in its U.S. operations, including $1 billion to prepare for the production of electric vehicles at its flagship factory here.
TOKYO—Honda Motor Co. has established a strategic partnership with Hanwa Co. to ensure a stable supply of essential metals for electric vehicle batteries.
VAN BUREN TOWNSHIP, MI—Our Next Energy (ONE), a Michigan-based energy storage technology company, will invest $1.6 billion to build a new battery cell manufacturing plant here.
IRVINE, CA—
Rivian Automotive Inc.’s shares rose after the automaker reported progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.