AESC to Invest $1.5 Billion to Expand Manufacturing Operations in Florence County, South Carolina

Specifications:

Name:

AESC to Invest $1.5 Billion to Expand Manufacturing Operations in Florence County, South Carolina

Location:

Florence County, South Carolina

Company:

AESC

Estimated Cost:

$1.5 Billion

Source:

https://www.businesswire.com/

Introduction:

AESC, a world-leading battery technology company announced the expansion of its lithium-ion electric vehicle battery manufacturing operations in Florence County. The Company’s $1.5 billion investment will create 1,080 new jobs.

Features:

In 2022, the Company announced a multi-year partnership with BMW to supply technology-leading battery cells to be used in the next generation electric vehicle models produced at Plant Spartanburg. AESC’s latest expansion will extend the partnership to additionally provide electric vehicle battery components for BMW Group’s Mexico Assembly Operations.

With this expansion of AESC’s strong production footprint in the United States, the Company will construct a second state-of-the-art electric vehicle battery manufacturing facility adjacent to the first building which broke ground in June 2023. The AESC campus is located in the more than 1,000-acre Florence Global Technology Park.

Operations are expected to be online in 2027.