AESC to Build New Electric Vehicle Battery Factory in Florence County, South Carolina

Specifications:

Name:

AESC to Build New Electric Vehicle Battery Factory in Florence County, South Carolina

Location:

Florence County, South Carolina

Company:

AESC

Estimated Cost:

-

Source:

https://www.aesc-group.com/

Introduction:

AESC, a world-leading Japanese battery technology company, held a groundbreaking ceremony on its new battery plant in Florence County, South Carolina.

Features:

The new 30 GWh battery plant builds on AESC’s existing battery manufacturing network that includes a plant in operation in Tennessee and another plant under construction in Kentucky. Collectively, AESC’s U.S. plants upon completion will provide up to 70 GWh capacity annually, powering the shift to electric vehicles with U.S.-made batteries and components.

With construction of the 1.5 million square foot plant underway, commercial operations are expected to commence in 2026, creating 1,170 new jobs for the local community.

The AESC Florence site supports the Company’s multi-year partnership with BMW Group, announced in October 2022. Under the agreement, AESC will supply technology-leading battery cells for next generation electric vehicle models produced at BMW’s Spartanburg plant. The advanced battery format will result in 20% higher energy density than the current generation, with reduced charging time and increased range and efficiency of 30%.