BMW CEO on EV Investment, Energy Costs, Chip Shortage

BMW is investing $1.7 billion in its Spartanburg plant to produce electric vehicles and build a battery cell manufacturing site. The company is navigating challenges related to the $7500 federal tax credit for EVs, emphasizing the need for a level playing field. BMW maintains a global presence, with significant operations in China, despite geopolitical tensions. Energy costs in Europe are a concern, but production remains stable. The chip shortage continues to affect vehicle delivery times, but BMW is working to ensure supply chain resilience for critical materials like lithium and cobalt.

How does the company plan to balance its operations across different global markets?

What is the current status of the chip shortage affecting vehicle production?

What strategies are being implemented to ensure a stable supply of critical materials like lithium and cobalt?