AESC Expands Florence County, South Carolina, EV Battery Cell Operations
12/15/2023
The investment at the Florence Global Technology and Commerce Park facility will bolster production capabilities and help accelerate the U.S.’ shift to electric vehicles.
“Our partnership with Florence County and the State of South Carolina has exceeded our expectations and we are proud to commit to creating additional high value jobs for this great community for years to come. As we continue to make significant strides towards the development of high-performance, longer-range batteries to propel the EV transition in the U.S., we are excited to have Florence County as a partner on this journey with us,” said AESC US Managing Director Jeff Deaton.
The Joint Bond Review Committee and the State Fiscal Accountability Authority authorized the issuance of up to an additional $50 million in state general economic development bonds in support of the expanded project to offset the costs of additional off-site infrastructure and site preparation, subterranean construction support, and an expanded training center.
The Coordinating Council for Economic Development also awarded job development credits related to the project.
“AESC’s expansion in Florence County underscores South Carolina’s pro-business environment which helps accelerate our companies’ growth. Congratulations to AESC, and we look forward to the additional, new opportunities this announcement represents,” Secretary of Commerce Harry M. Lightsey III noted.
AESC is a global leader in the development and manufacturing of high-performance batteries for electric vehicles and energy storage systems. In the past 15 years, the company has produced power batteries for more than 1,000,000 electric vehicles in 59 countries, achieving a record of 'zero critical battery malfunction.'
Project Announcements
Swiss-Based GF Casting Solutions AG Plans Augusta, Georgia, Operations
05/07/2024
3M Expands Valley, Nebraska, Production Operations
05/07/2024
Advanced Call Center Technologies Expands Norman, Oklahoma, Operations
05/07/2024
Rivian Automotive Expands Normal, Illinois, Operations
05/06/2024
Meta Platforms Plans Montgomery, Alabama, Data Center Operations
05/06/2024
Crystal Window & Door Systems Plans Selma, North Carolina, Production Operations
05/06/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024