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 growth
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 growth announcement in December 2023. That’s a fairly vital funding at $3.12 billion.
At the moment’s announcement will create 1,080 new jobs, bringing the whole quantity to 2,700 jobs throughout the area 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 growth will present EV battery elements for BMW Group’s Mexico Meeting Operations. The brand new extension might 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 sit up for the substantial affect this may have all through South Carolina.”
Electrek’s Take
That is taking place 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 just 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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