The Automotive Energy Supply Corporation (AESC), a leading battery technology provider and partner of BMW, has committed to invest $1.5 billion to establish an electric vehicle (EV) battery manufacturing facility in South Carolina.
AESC’s electric vehicle (EV) battery manufacturing unit has experienced significant expansion. The company’s innovative approach to battery design and production has enabled it to cater to the growing demand for eco-friendly transportation solutions. With a focus on quality, reliability, and efficiency, AESC’s EV batteries have gained recognition globally.
AESCs latest electric vehicle battery manufacturing investment builds on its preliminary announcement to establish a manufacturing facility in Florence County in December 2022 and subsequent $810 million expansion announced in December 2023. This significant funding allocation totals $3.12 billion, a substantial investment.
The company’s latest announcement is expected to generate 1,080 new employment opportunities, ultimately increasing the total number of positions available to 2,700 among the local community.
AESC forged a multi-year collaboration with BMW in 2022 to manufacture advanced battery cells for the German automaker’s future electric vehicles (EVs) assembled at its Plant Spartanburg facility in South Carolina, USA.
AESec’s latest expansion enables the provision of EV battery components to BMW Group’s Mexican manufacturing operations. A state-of-the-art extension is set to seamlessly integrate with the inaugural building, which commenced construction in June 2023, within the sprawling Florence International Technology Park spanning over 1,000 acres. Operations are expected to go live in 2027.
South Carolina Governor Henry McMaster, a Republican, noted that the latest allocation of funds represents “a further momentous triumph” for Florence County, with its anticipated impact expected to resonate throughout the state.
Electrek’s Take
As a response to burgeoning demand for electric vehicles (EVs) in the US market, BMW has partnered with AESC. Wouldn’t they take a different approach under normal circumstances?
South Carolina has emerged as a leading hub in the United States for electric vehicle (EV) and EV battery manufacturing advancements. The Republican state has experienced a surge in job creation and increased income as a direct result of the Biden administration’s Inflation Reduction Act, whose provisions effectively incentivize economic growth.
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