Envision AESC, a world-leading Japanese electric vehicle battery technology company, will build a state-of-the-art gigafactory at Transpark in Bowling Green, Kentucky. The $2 billion project is expected to create 2,000 jobs.
The 3-million square foot, 30GWh facility in Warren County region will produce battery cells and modules to power the next generation EVs produced for multiple global automotive manufacturers.
“We are pleased to partner with Kentucky and Bowling Green as part of our next phase battery strategy to power next generation EVs in the U.S. This major investment builds on our commitment to the U.S. market, supports growth of the electrification supply chain and secures high value jobs for future generations in the region. This commitment takes us one step further toward our ambition to make high-performance, longer-range batteries for a diverse range of automotive manufacturers worldwide to support the EV transition,” said CEO of Envision AESC Group, Shoichi Matsumoto.
The new strategic partnership with Kentucky provides up to $116.8 million from state incentive programs and up to $5 million grant-in-aid for skills training.
“We are thrilled that Envision AESC, the world’s leading EV battery technology company, has picked Kentucky,” added Governor Andy Beshear. “Envision AESC is making the second largest economic development investment Kentucky has ever seen, investing $2 billion to build a new, state-of-the-art EV battery gigafactory in Bowling Green. Even better, this project will create 2,000 great jobs of the future for residents in the Warren County region. And with this investment Envision AESC will generate a 30GWh site, which increases Kentucky’s production to 116GWh, making the commonwealth the nation’s top producer of electric vehicle batteries.”
Envision AESC is the world's leading battery technology company. Through AIoT-driven innovations in battery technology and multidisciplinary applications, the company establishes scenarios to enable electric vehicles to participate in the renewable energy eco-system and provides a dynamic balance to the common development of clean energy and new energy electric vehicle industry.
The plant will be approximately 3 million square feet and marks one of the largest economic projects in the commonwealth’s history, according to state officials. Selected for its strong automotive manufacturing base, skilled workforce and excellent infrastructure, Kentucky is already the nation’s No. 1 producer of cars, light trucks and SUVs per capita and the center of Auto Alley in the U.S.
“Thank you, Envision AESC, for bringing the world’s leading battery technology company to Bowling Green, Kentucky,” said TVA President and CEO Jeff Lyash. “Your company’s intention to lead the de-carbonization revolution through electric vehicle battery solutions seamlessly aligns with our goal to not only support but accelerate electrification for greener, cleaner communities. We welcome you to an area that is quickly becoming the destination of choice for electric vehicle manufacturing and a community we are privileged to serve.”
The plant marks one of the largest economic projects in the commonwealth’s history, according to state officials. Selected for its strong automotive manufacturing base, skilled workforce and excellent infrastructure, Kentucky is already the nation’s No. 1 producer of cars, light trucks and SUVs per capita and the center of Auto Alley in the U.S.