Battery tech agency AESC, which is partnered with BMW, is investing $1.5 billion to increase its EV battery manufacturing unit in South Carolina.
AESC’s EV battery manufacturing unit enlargement
AESC’s newest EV battery manufacturing expenditure follows its preliminary announcement to construct the Florence County manufacturing unit in December 2022 and its $810 million enlargement announcement in December 2023. That’s a reasonably vital funding at $3.12 billion.
Right this moment’s announcement will create 1,080 new jobs, bringing the overall quantity to 2,700 jobs throughout the local people.
In 2022, AESC introduced a multi-year partnership with BMW to produce battery cells for next-gen BMW EVs produced at Plant Spartanburg in South Carolina.
AESC’s newest enlargement will present EV battery elements for BMW Group’s Mexico Meeting Operations. The brand new extension will probably be adjoining to the primary constructing that broke floor in June 2023, within the greater than 1,000-acre Florence World Know-how Park. Operations are anticipated to be on-line in 2027.
Governor Henry McMaster (R-SC) stated, “This funding is one other monumental win for Florence County, and we look ahead to the substantial influence this can have all through South Carolina.”
Electrek’s Take
That is occurring as a result of BMW and AESC know there’s a rising demand for EVs within the US. They wouldn’t be doing this in any other case.
And South Carolina is now a US chief in EV and EV battery manufacturing progress. The Republican state is gaining jobs and income from the Biden administration’s Inflation Discount Act, which incentivizes that progress.
EV demand isn’t slowing. Right here’s extra proof.
Learn extra: Historic: US EVs skyrocket previous 1 million gross sales, up 50.7% YOY🔥
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