AESC expands manufacturing operations in Florence County

27 March 2024, 20:45:47

AESC, BMW's main EV battery supplier, announced the expansion of its state-of-the-art battery cell facility in Florence County. The $810 million investment will create 450 new jobs. Expected to be complete by 2026, this new commitment follows AESC's initial announcement in December 2022 of $810 million and 1170 jobs, resulting in a total investment of $1.62 billion and 1620 new jobs.

As part of a multi-year partnership with BMW, AESC will supply technology-leading battery cells to be used in the next-generation electric vehicle models produced at Plant Spartanburg. This advanced battery format will result in 20% more energy density than the current generation, reduce charging time, and increase range and efficiency for electric vehicles by 30%.

The company will expand its existing facility which is under construction — located in the more than 1,000-acre Florence Global Technology and Commerce Park — to bolster production capabilities and help accelerate the U.S.' shift to electric vehicles.

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