BMW Feedback: Humanoid Implementation at Spartanburg Plant

Research evidence excerpt

BMW Feedback: Humanoid Implementation at Spartanburg Plant

J P M O R G A N Europe Equity Research

01 July 2026

BMW Overweight

BMWG.DE, BMW GR

Feedback: Humanoid Implementation at Spartanburg Price (30 Jun 26):€57.28

Plant Price Target (Dec-27):€82.00

We had the opportunity to learn about the Humanoid strategy of BMW, European Autos & Auto Parts

ACspecifically at the Spartanburg plant where the firm is carrying a project Jose M Asumendi

implementing Humanoids in different stages of the manufacturing process. In (44-20) 7742-5315

addition, BMW presented the latest investments at the US factory as well as jose.m.asumendi@jpmorgan.com

the latest launch of the X5 SUV. J.P. Morgan Securities plc

Piyush Singla

On Tuesday, BMW announced it has completed a $1.7 bn investment in its (91-22) 6157-3324

production facilities in South Carolina, preparing for the start of fully electric piyush.singla@jpmorgan.com

J.P. Morgan India Private Limited

vehicle manufacturing in the United States. The company celebrated the milestone

at the "Home of X" event at BMW Group Plant Spartanburg, reaffirming its Specialist Sales contact details:

longstanding commitment in the United States through continued investment and Sam Edmunds - Specialist Sales -

innovation leadership. With this milestone, the BMW Group has completed the European Industrials

expansion of Plant Spartanburg and the construction of Plant Woodruff, (44-20) 7742-8733

establishing the foundation for the assembly of fully electric BMW vehicles in sam.edmunds@jpmorgan.com

South Carolina. The United States remains one of the BMW Group’s most Style Exposure

important markets and business ecosystems worldwide.

BMW will begin producing an electric version of its popular X5 SUV in the US,