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In June 2017, BMW announced plans to spend $600 million to expand production at its South Carolina plant. The new investment would allow BMW to prepare for the new X model of SUVs. BMW apparently felt it would be better able to compete and create value with a U.S.-based facility. In fact, BMW expected to export 70% of the vehicles produced in South Carolina. Also in 2017, noted Taiwanese iPhone supplier Foxconn announced plans to build a $10 billion plant in Wisconsin, and Chinese tire manufacturer Wanli Tire Corp. announced plans to build a $1 billion plant in South Carolina.
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