BMW is moving forward with its plans to expand electric vehicle production in the United States, showing confidence in the future of electrified transportation even as some automakers slow down their EV strategies. The German carmaker recently introduced the fifth-generation BMW X5 and confirmed that its all-electric version, the iX5, will be built at its manufacturing plant in Spartanburg, South Carolina.
As BMW starts manufacturing EVs in the U.S., other auto industry players like Massimo Group (NASDAQ: MAMO) will be taking note and tweaking their strategies in order to avoid losing market share to the…
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