In the latest announcement from an automaker to expand electric vehicle manufacturing in the US, BMW released Wednesday it will invest $1.7 billion in its US EV operations to boost output.
After setting a new US delivery record in the third quarter with 4,337 EVs delivered, BMW plans to accelerate the pace even further.
The US just hit 6% EV market share in the third quarter as it progresses towards its goal of 50% by 2030. With new federal incentives and a shifting consumer preference for EVs, demand is only expected to pick up from here.
Meanwhile, after retiring the company’s first “i-series” electric vehicle, the BMW i3, earlier this year, the German luxury automaker is setting its sights on higher market segments with EVs such as the BMW iX sport activity vehicle. Furthermore, the BMW i7 arriving at US dealerships later this year, is the company’s first full electric 7-series model – its largest yet.
Like several other automakers, BMW plans to take advantage of the swelling EV market by introducing fully electric models in all segments, launching at least six pure EV models by 2030.
BMW’s latest announcement to invest in US EV manufacturing comes after the Inflation Reduction Act, passed in August, provides incentives for building on US soil.
BMW iX Source: BMW
BMW invests $1.7 billion to boost EV manufacturing in the US
To increase production and meet the overwhelming demand for EVs in the US, BMW will invest $1.7 billion total in its US business.
As part of the investment, $1 billion will go toward expanding its South Carolina Plant Spartanburg facility, where 11 BMW models are currently produced. BMW’s CEO, Oliver Zipse, talks about how the facility will play a major role in its EV plans as we advance, stating:
For decades, Plant Spartanburg has been a cornerstone of the global success of the BMW Group. The home of the BMW X models that are so popular all over the world. Going forward, it will also be a major driver for our electrification strategy, and we will produce at least six fully electric BMW X models here by 2030. That means: The ‘Home of the X’ is also becoming the ‘Home of the Battery Electric Vehicle
Meanwhile, the other $700 million is designated for building a new high-voltage battery assembly facility in Woodruff, NC. The new battery plant will be over 1 million square feet, creating around 300 new jobs producing “next generation batteries” for future BMW EV models.
BMW says it aims to purchase battery cells where production takes place, partnering with Envision AESC to build a new battery cell factory with an annual capacity of 30 GWh.
The automaker claims its new battery cell design will increase energy density by over 20% while improving charging speed and range by up to 30%. Furthermore, with renewable energy and mineral recycling techniques, Carbon emissions will be reduced by up to 60%.
According to BMW, its US operations support over 120,000 US jobs while contributing $43.3 billion to the economy.
Electrek’s Take
Smart move by BMW, seeing as several luxury automakers, new and legacy, are targeting the US luxury market. In the third quarter, luxury vehicles controlled 17.8% of the market compared to just over 14% in Q3 2019.
More importantly, the new EV tax credit is driving massive investments in US manufacturing. BMW is the latest automaker to announce a significant investment to scale its manufacturing footprint in North America. Still, several others, including Hyundai, Volkswagen, Mercedes-Benz, and more, have already announced their intentions.
This year alone, companies have announced over $13 billion in EV manufacturing in the US. As new incentives roll out and EV production picks up, this looks to be a new trend.
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Following approval from Transport Canada, EV startup Workhorse will be bringing the W56 and W750 model electric delivery vans to commercial truck dealers in Canada as early as this spring.
“This is a major step forward for Workhorse,” says Josh Anderson, Workhorse’s chief technology officer in a press statement. “Pre-clearance from Transport Canada opens up a large new market for our products throughout Canada, including with fleets that operate across borders in North America.”
Despite that uncertainty, Workhorse execs remain upbeat. “We’re excited that our electric step vans can now reach Canadian roads and highways, providing reliable, zero-emission solutions that customers can depend on,” added Anderson.
Canadian pricing has yet to be announced.
Electrek’s Take
FedEx electric delivery vehicle; via Workhorse.
There’s no other way to say it: the Trump/Musk co-presidency is disrupting a lot of companies’ plans – and that’s especially true across North American borders. But in all this chaos and turmoil there undoubtedly lies opportunity, and it will be interesting to see who ends up on top.
The new Liebherr S1 Vision 140-ton hauler is unlike any heavy haul truck currently on the market – primarily because the giant, self-propelled, single-axle autonomous bucket doesn’t look anything like any truck you’ve ever seen.
Liebherr says its latest heavy equipment concept was born from a desire to rethink truck design with a focus only on core functions. The resulting S1 Vision is primarily just a single axle with two powerful electric motors sending power to a pair of massive airless tires designed carry loads up to 131 tonnes (just over 140 tons).
The design enables rapid maintenance, as important components easily accessible for quick servicing. Wear parts can be replaced efficiently, and the electric drive significantly reduces maintenance work. This helps to minimise downtimes and increases operational efficiency.
LIEBHERR
Because of its versatility, durability, and ability to perform zero-turn maneuvers that other equipment simply can’t, the Liebherr S1 Vision can be adapted for various applications, including earthmoving, mining, and even agriculture. There’s also a nonzero chance of this technology finding applications supporting other on-site equipment through charging or fuel delivery.
The S1 accomplishes that trick safely with the help of an automatic load leveling system that ensures maximum stability, even on bumpy or rough terrain. The company says this technology significantly reduces the risk of tipping while providing smooth and secure operation across various environments.
The HD arm of Hyundai has just released the first official images of the new, battery-electric HX19e mini excavator – the first ever production electric excavator from the global South Korean manufacturer.
The HX19e will be the first all-electric asset to enter series production at Hyundai Construction Equipment, with manufacturing set to begin this April.
The new HX19e will be offered with either a 32 kWh or 40 kWh li-ion battery pack – which, according to Hyundai, is nearly double the capacity offered by its nearest competitor (pretty sure that’s not correct –Ed.). The 40kWh battery allows for up to 6 hours and 40 minutes of continuous operation between charges, with a break time top-up on delivering full shift usability.
Those batteries send power to a 13 kW (17.5 hp) electric motor that drives an open-center hydraulic system. Hyundai claims the system delivers job site performance that is at least equal to, if not better than, that of its diesel-powered HX19A mini excavator.
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To that end, the Hyundai XH19e offers the same 16 kN bucket breakout force and a slightly higher 9.4 kN (just over 2100 lb-ft) dipper arm breakout force. The maximum digging depth is 7.6 feet, and the maximum digging reach is 12.9 feet. Hyundai will offer the new electric excavator with just four selectable options:
enclosed cab vs. open canopy
32 or 40 kWh battery capacity
All HX19es will ship with a high standard specification that includes safety valves on the main boom, dipper arm, and dozer blade hydraulic cylinders, as well as two-way auxiliary hydraulic piping allows the machine to be used with a range of commercially available implements. The hydraulics needed to operate a quick coupler, LED booms lights, rotating beacons, an MP3 radio with USB connectivity, and an operator’s seat with mechanical suspension are also standard.
HX19e electric mini excavator; via Hyundai Construction Equipment.
The ability to operate indoors, underground, or in environments like zoos and hospitals were keeping noise levels down is of critical importance to the success of an operation makes electric equipment assets like these coming from Hyundai a must-have for fleet operators and construction crews that hope to remain competitive in the face of ever-increasing noise regulations. The fact that these are cleaner, safer, and cheaper to operate is just icing on that cake.