BMW will build a new vehicle at the South Carolina plant

BMW will present a new vehicle later this year that will be built at its South Carolina plant, President Oliver Zipse told CNBC.

The Spartanburg plant currently produces BMW X3, X4, X5, X6 and X7, as well as performance models for most vehicles.

“At the end of the year, we will make an announcement to build another high-end car from this manufacturing site,” Zipse told CNBC’s Phil LeBeau on “Squawk Box”. “It’s not a successor model, it’s a new, high-end model for the American market, but also for the global market.”

BMW currently exports about 70 percent of the vehicles it produces to the U.S. plant, Zipse said. He declined to reveal other details of the new vehicle.

Automotive intelligence company LMC Automotive expects BMW to start producing a new crossover called the X8 at the plant starting next year. The vehicle is expected to be a two-row vehicle based on the current BMW three-row X7.

Zipse said the company “fully supports” the Biden administration’s goal that half of the auto industry’s sales be electric vehicles by 2030. But he said that goal will not be achieved with the charging infrastructure. Current EV.

“With the current infrastructure, we won’t get there, but of course we have 10 years to build an infrastructure together to meet needs, and so on,” he said. “And I think with the infrastructure goals set by the Biden administration, I think there’s a good chance of at least getting a lot closer to that market.”

Read more: CNBC Road Test: The American electric vehicle charging network is not ready for your family road trip, let alone the expected wave of new cars