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.