BMW (holding a 49% stake) and SGL (holding 51%) have joined forces to create SGL Automotive Carbon Fiber LLC, which will be located in Moses Lake, Washington. The joint venture will build a $100 million "state-of-the-art carbon fiber manufacturing plant" and help create 80 local jobs.
According to SGL ACF LLC, the end result will be carbon fiber reinforced plastics (CFRP) "used for BMW Group's upcoming Megacity Vehicle." They're referring to what will be the end result of BMW's Project i, a mode of transport "designed for fully electric, zero-emission driving."