Envision AESC To Invest $810M In South Carolina

The Japan-based company's new Florence County electric vehicle battery gigafactory will create 1,170 new jobs.

“The new plant will produce technology-leading battery cells for BMW Group’s Plant Spartanburg and create 1,170 new high-value jobs in the region when at full capacity,” said AESC U.S. Managing Director Jeff Deato. “South Carolina already has an outstanding automotive footprint, and we are delighted to offer new jobs in the high growth electrification segment, to attract and retain the state’s highly skilled workforce. The addition of this new facility will put Florence at the forefront of the United States’ EV transformation and will help attract future investment in the region.”

The Coordinating Council for Economic Development awarded a $135 million Closing Fund grant to Florence County to assist with costs related to the project, and the state authorized the issuance of up to $70 million in state general economic development bonds to offset the costs of off-site infrastructure and a training center to support the project.  The South Carolina Coordinating Council for Economic Development also awarded job development credits related to this project.

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“The North Eastern Strategic Alliance (NESA) is excited to welcome Envision AESC to Florence County,” said NESA Executive Committee Chairman Yancey McGill. “This is a monumental announcement that will transform our region. We appreciate the efforts of the local development team in recruiting Envision AESC to the NESA region and the State of South Carolina.”