Michelin invested significantly in the site recently and BMW added a ton of EV manufacturing capacities, we are talking of a 1.7 billions dollars investment.
All of this is linked to subsidies they got through the IRA on top of local South Carolina subsidies. They had to do these investments to remain competitive in the US market as the subsidies are tied to local manufacturing and the conditions significantly limit what parts they can import. It was a direct attack on European manufacturing masquerading as green investments.
Guess which president passed the IRA.