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.
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.
GROB-Werke GmbH & Co. KG creates high-volume production systems for the electric vehicle (EV) market. Based in Mindelheim, Germany, the machine tool manufacturer recently completed a sophisticated system for making hairpins, which form the stator winding rims of electric motors.
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.