Submitted by Sorin61 t3_y87f6v in technology
Comments
spoiled_for_choice t1_isyqdkr wrote
South Carolina is Germany's Mexico.
Honest_Emu4629 t1_isyvil3 wrote
Sounds like made up bullshit to me
nopedoesntwork t1_isywdm8 wrote
BMW is mostly owned by China and various other global investors.
Mongomann4711 t1_isz16vt wrote
No it is mostly owned by Quandt/Klatten family https://www.bmwgroup.com/de/investor-relations/aktie.html Other than that engineers of German OEMs have a certain reputation. Source: I am working at a Tier 1 supplier.
Furlion t1_isz2imj wrote
The plant already has a battery assembly hall, this will enable them to manufacture the batteries as well. They are also in the process of building a sheet metal fabrication plant as well. I think they spent close to a billion on it as well. I worked there for the past 8 years. Shit job with even shittier management.
nopedoesntwork t1_isz2uhq wrote
According to Wikipedia, 53,2 % owned by others than quandt/klatten/german. https://de.wikipedia.org/wiki/BMW#Aktie_und_Aktion%C3%A4rsstruktur
Mongomann4711 t1_isz3nal wrote
Yes, but they are the biggest shareholders and china is only 1.5%.
_-_Naga-_- t1_isz4hfc wrote
EV batteries are a very limited resource, what makes you think its the practical future?
nopedoesntwork t1_isz57km wrote
46.8% is minority, not biggest. I'm not a trader, but got told that Chinese investors own most of the "other" shares.
gazorpaglop t1_isz5hhj wrote
My favorite bimmer was built in SC, glad to see them growing
the908bus t1_isz9p93 wrote
It’s almost like different people have different tastes
[deleted] t1_isz9pc2 wrote
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FriendlyDespot t1_iszawaw wrote
Presumably because the United States is BMW's second-biggest market, with 40% more sales than in Germany, and so they won't want to get caught up in another trade conflict. BMW is also the largest vehicle exporter by value in the United States, and paying tariffs to import assembled batteries from elsewhere, and then paying tariffs again when exporting the vehicle doesn't make a lot of sense for them.
And, of course, South Carolina workers are more acquiescent, and the state government much less interested in labour rights than other jurisdictions. BMW also gets obscene tax benefits from the state, because South Carolinians love nothing more than giving corporate handouts.
[deleted] t1_iszcuw7 wrote
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guy_incognito784 t1_iszecvg wrote
Well that and I'm guessing BMW wants buyers to qualify for the federal EV tax credit since cars must use batteries produced in the US in order to qualify for the federal tax credit.
Tons of other auto manufacturers are doing the exact same thing, the change in the tax code is working as intended.
XpaxX t1_iszeki2 wrote
„I don’t like a specific design so I must hate it on the internet“ typical 12-years old behavior
swiftessence t1_iszeq3q wrote
Build back better has stipulations for products to be made in the United States for tax breaks. South Carolina has poor labor laws, unionization rates, and wages compared to most other areas in the United States. They are also on the Atlantic near ports with easier access to shipments to and from Europe.
mackinoncougars t1_iszjoth wrote
FoxConn in WI continues to be a boondoggle. So glad Evers is withholding those most of those subsidies at least, Scott Walker would have continued to feed them even as they fail to deliver on even 10% of their farcical claims. Feel bad for the hundreds of home owners who were forced to leave and have their homes torn down.
grundlefuck t1_iszn5uq wrote
Meanwhile SC will continue to rail against EV, which is the most ironic shit yet.
SciencyNerdGirl t1_iszrfws wrote
You like to say 'as well' a lot, as well.
Furlion t1_iszrjik wrote
Lol I am not great at putting my thoughts into writing.
MissingNumeral t1_iszvcfw wrote
To add to this there’s an inland port only a few miles from there. The trains through here piss me right the fuck off
themarajade1 t1_iszwhf2 wrote
I’ve not worked there but most of my coworkers have at some point in their career. I live ten mins from the factory.
Aprilismissing t1_it013l8 wrote
Bmw already has massive infrastructure there and the area is full of other auto suppliers. It’ll be just fine. I’m just glad that it got the republicans in SC to actually invest in EV charging infrastructure.
spoonie9000 t1_it0167r wrote
Prob lithium brine in Nevada
Floyd-money t1_it03szi wrote
They’re adding new stations along the nc border and nuclear makes up most of their energy makeup too. Kinda wild to think about honestly
Darsh9 t1_it04n6c wrote
Southwestern U.S. once the infrastructure is in place. In the early stages I suspect producers will be importing.
biggy_P t1_it052r7 wrote
Same here, right off exit 60. Love this news
LlamaCamper t1_it076yw wrote
"lithium ion mines"
themarajade1 t1_it08bce wrote
Hi neighbor!!
h4p3r50n1c t1_it09s3f wrote
Gotta keep the morons happy with their trigger issues.
sids99 t1_it0ah5j wrote
"pools", whatever tf you want to call them.
[deleted] t1_it0cm2g wrote
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cuteman t1_it0cn97 wrote
Subsidies are almost always tit for tat so I don't know why people are so upset.
If Foxconn doesn't fulfill the contract they won't get the benefits.
cuteman t1_it0cpha wrote
What other investment is there?
cuteman t1_it0ctn3 wrote
Batteries are heavy and not ideal for long transport
ryeguymft t1_it0cuiq wrote
Scott Walker was such a con
LlamaCamper t1_it0dte5 wrote
You don't mine ions.
CUvinny t1_it0eu2t wrote
Volvo's new factory outside of Charleston is also building EVs for their Polestar spinoff
[deleted] t1_it0f373 wrote
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sids99 t1_it0g9vh wrote
Yeah, you extract it using a lot of water. So what? It still isn't great for the environment. Replacing ICEs for EV isn't going to solve our issues. Personal transport is very destructive to our society.
xampl9 t1_it0h6oq wrote
Whenever a major automaker opens a factory in a new area, their suppliers will also open factories there for things like the seats, wiring, auto glass, brackets, etc. This way they are close enough for their trucks to meet the automakers demands for just-in-time delivery.
If you haven't been to the factory in Greer, they have a museum there that is worth visiting. Not as big as the one in Munich, but still good. It looks like they might still be doing factory tours, too.
https://www.bmwgroup-werke.com/spartanburg/en/plant-tours-zentrum-museum.html
cuteman t1_it0hz4v wrote
I meant what did Republicans do to invest in EV?
Everything you've listed so far is private investment.
LlamaCamper t1_it0ko50 wrote
You don't mine ions. Ions. Can't mine them. Lithium you can mine. Ions no.
IntrusiveBot t1_it0lvx8 wrote
Red states are the new China/Mexico
C-hound t1_it0mbo1 wrote
The people that actually work for beamer have a good gig. The people who work there as "contractors" or whatever not so much. I live in Fountain Inn where there are several plants that supply bmw and they seem pretty hit or miss as far as places to work.
C-hound t1_it0mhwq wrote
Z3? I sure hope it isn't the X's they make now.
C-hound t1_it0mqud wrote
The BMW plants in SC are pretty up to date with pollution and energy policies even if they tend to make a show of it.
C-hound t1_it0o137 wrote
I'm from SC and I was shocked how much more I made in other parts of the country. The tradeoff is, in general the cost of living is much lower, so people don't think they're being lowballed even though they dodge potholes on the road after dropping their kids off at shitty schools. I have moved back and though I love my home I also loathe it in many ways. I'm angry at my state because I love it.
SquirrelDynamics t1_it0rcs5 wrote
That'll be great... In 5 years. Too late to the party.
Furlion t1_it0rqcx wrote
It is better than other jobs you can get with no degree but still not a great job. They work their employees hard as shit and pretend that their entire lives should revolve around the job.
timbulance t1_it0swmk wrote
Don’t forget about the $100 million spent on the new LCX warehouse ^
Furlion t1_it0tcuh wrote
Oh yeah I forgot about that. Built a whole damn bridge and everything!
C-hound t1_it13wo4 wrote
I agree 100%. It says a lot about the expectations and value of labor in n SC.
goalpost_mover t1_it13zkb wrote
Yeah well they better have a good battery recycling plan in place.
No need for more toxic waste dumps and the water runoff that comes from it..
alc4pwned t1_it27cw5 wrote
SUVs bad and all that
Gsteel11 t1_it2db5y wrote
The red state delimia: low wages and low cost of living in an area that won't ever fully develop, and this will always have mostly subpar jobs and low standards of living.
Aprilismissing t1_it2yiag wrote
I guess the infrastructure plan I was thinking about is actually federally supported. https://www.wltx.com/article/money/south-carolina-plan-electric-vehicle-charging-infrastructure-highways/101-b0c98d16-a368-44c2-a090-b73949ce2a7a
Hungryneck29 t1_it35wp3 wrote
The land the BMW plant is located on was purchased and donated to BMW by the SC Ports Authority. There is also Port infrastructure in the Spartanburg area. The SCPA is a state agency therefore not private. Without the BMW plant, no battery plant.
juggarjew t1_it37tbh wrote
BMW has had plant Spartanburg here since 1992, there is an inland port in Greer that delivers supplies via rail from Port Charleston, its actually setup really well and BMW is the reason we even have an inland port in Greer. They also export cars from that inland port to the sea port for exportation to the entire world. BMW basically put the SC Upstate on the map as a major manufacturing/transit hub in the South East.
This 1.7 Billion investment is to add on to the existing campus in plant Spartanburg and build a 700 million EV battery plant in Woodruff SC which is about 15 miles south of the main plant.
Overall, it will turn out just fine, BMW has been here for 30 years now. As a local resident im thrilled to see this investment in the area, not many areas in the country are so fortunate to have such a strong local economy.
juggarjew t1_it38co5 wrote
There is also a track and driving experience/driving school that is really cool. You can basically spend an entire day there, for auto enthusiast its like Disney World lol .
juggarjew t1_it38qso wrote
That is fine, so long as the leadership do the right things, like this. Gov McMaster and Lindsey Graham at least know a good thing when they see it, regardless of how their idiot voters feel. Im glad they working with BMW to address their needs, we need as much of this investment as we can get!
juggarjew t1_it39xb9 wrote
Building the batteries here will also allow them to qualify for the full tax credit, there are multiple reasons at play here.
juggarjew t1_it3a86b wrote
Leave it to a local to be pissed off about investment and a growing economy that benefits us all.
palebluedotcitizen t1_it3ejii wrote
BMW will be bankrupt long before that. It's EV sales won't ramp up fast enough to compensate for its ICE sales dying. It's already in a lot of trouble with sales.
gazorpaglop t1_it499dg wrote
A Z4M is my current love
kingkeelay t1_it4afh7 wrote
North Carolina, That’s why many manufactures are coming or expanding here. The lithium is abundant.
sids99 t1_it4bixa wrote
Hopefully that benefits the state and doesn't hurt the environment or people's health. South Carolina learned their lesson.
xampl9 t1_itbregz wrote
> I meant what did Republicans do to invest in EV?
Sued Volkswagen for lying about their diesel emissions and made them use the settlement money to create Electrify America charging stations?
Pyronic_Chaos t1_isyna31 wrote
Hopefully this turns out better than Foxconns $10Bn Wisconsin plant. I think it's like $700m now.