Construction of the 1.5 million-square-foot plant is now under way, and it’s expected to be fully operational in 2026. The $800 million EV battery plant will create 1,170 local jobs.
The factory in Florence will be 100% powered by clean energy, says AESC. It will work with partners to adopt renewable energy, use carbon management and reduction software, and recycle EV batteries. The company also asserts that it will use responsible sources – read: Inflation Reduction Act approved – for battery materials.
The AESC Florence site supports the Company’s multi-year partnership with BMW Group, announced in October 2022. Under the agreement, AESC will supply technology-leading battery cells for next generation electric vehicle models produced at BMW’s Spartanburg plant. The advanced battery format will result in 20% higher energy density than the current generation, with reduced charging time and increased range and efficiency of 30%.