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BMW will unveil a brand new automobile later this 12 months that can be constructed at its plant in South Carolina, Chairman Oliver Zipse advised CNBC.
The Spartanburg plant presently produces the BMW X3, X4, X5, X6 and X7 in addition to efficiency fashions of a lot of the automobiles.
“On the finish of the 12 months, we are going to make an announcement to construct one other high-end automobile from this manufacturing website,” Zipse advised CNBC’s Phil LeBeau on “Squawk Field.” “It’s not a successor mannequin, it is a brand-new mannequin, high-end for the American market but additionally for the world market.”
BMW presently exports about 70% of the automobiles it produces on the U.S. plant, Zipse stated. He declined to reveal different particulars of the brand new automobile.
Auto intelligence agency LMC Automotive expects BMW to start producing a brand new crossover known as the X8 on the plant beginning subsequent 12 months. The automobile is anticipated to be a two-row automobile primarily based off BMW’s present three-row X7.
Zipse stated the corporate “totally helps” the Biden administration’s objective to have half of the auto business’s gross sales be electrical automobiles by 2030. However he stated that objective won’t be achieved with right this moment’s EV charging infrastructure.
“With right this moment’s infrastructure, we won’t get there, however after all we now have 10 years time to construct up collectively an infrastructure for charging wants, and so forth,” he stated. “And I believe with the infrastructure objectives which the Biden administration set, I believe there is a good alternative to no less than come very near that market.”
Learn Extra: CNBC street take a look at: The U.S. EV charging community isn’t prepared for your loved ones street journey, not to mention the anticipated wave of latest automobiles
Autonomous robots assemble an X mannequin SUV on the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019.
Charles Mostoller | Reuters
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