AESC
AESC announces second expansion to EV battery operations in South Carolina
AESC Group announced that it would invest in a second expansion of its lithium-ion battery manufacturing operations in Florence County, South Carolina, U.S. The company will invest USD 1.5 billion in the second expansion, which will create 1,080 new jobs. Following the original facility announcement in December 2022
Altilium, UK partners with Nissan for EV battery recycling project
On March 4, Altilium, a clean technology group announced a collaborative project led by Nissan, to improve the sustainability of EV batteries manufactured in the UK.
Both companies will collaborate to optimize raw material recycling and develop a "closed loop" model for battery materials, reducing the need for minin
President of Spain discusses EV battery gigafactory with CEO of Envision Group
On February 28, the President of the Government of Spain met with the CEO of the Envision Group and the Executive Chairman of AESC.
The executives from the Envision Group and AESC detailed the current status of the project's development during the meeting and reinforced the multinational's commitment to Spain.
AESC i
UK Infrastructure Bank announces GBP 200 million loan for AESC second gigafactory in the UK
On January 29, The UK Infrastructure Bank announced a GBP 200 million loan to support the establishment of AESC's 15.8GWh gigafactory, in Sunderland in Northeast England, which will produce lithium-ion batteries for next-generation EVs manufactured in the UK. The project will create over 1,000 jobs once operational.
FAW Jiefang invests in New Energy power technology company
According to multiple press releases dated December 25, Diyi AESC New Energy Power Technology (Wuxi) Co., Ltd. was recently established in Wuxi, Jiangsu.
Information from the National Enterprise Credit Information Publicity System (NECIPS) shows that the new company has a registered capital of CNY 1 billion and is jo
AESC invests in South Carolina to expand battery cell plant
According to a release from the South Carolina Department of Commerce dated December 12, 2023, lithium-ion battery manufacturer AESC announced that it will expand its electric vehicle (EV) battery cell plant currently under construction in Florence County, South Carolina. The additional investment will cost USD 810 m
BBVA supports financing of AESC’s batteries gigafactory in France
On December 11, BBVA, a global financial services group in Spain, announced that it has led as Mandated Lead Arranger and Hedge provider, along with five other banks, an electric vehicle batteries gigafactory Project Financing signed in September. With it, the bank supports AESC in the construction and operation of a
EIB supports construction of AESC electric battery gigafactory in Douai, France
On October 12, the European Investment Bank (EIB) announced that it is investing EUR 450 million in the construction of AESC (Automotive Energy Supply Corporation) electric battery gigafactory in Douai, France with support from the InvestEU program.
The investment is carried out in the form of two operations: EUR 33
AESC places final steel piece at Bowling Green, Kentucky battery plant
On September 14, AESC placed the last piece of structural steel at its 1.6 million-square-foot, USD 2 billion gigafactory in Bowling Green’s Kentucky Transpark, keeping it on track for an early 2025 opening.
The state-of-the-art 30-gigawatt hour plant will create 2,000 new jobs, producing battery cells and modules t
Spain approves Envision and SEAT battery projects under PERTE VEC II
On September 15, the Ministry of Industry, Commerce and Tourism, Spain, published two new favorable provisional resolution proposals for PERTE VEC II in its battery section.
The first project is the Envision gigafactory project which involves a subsidy of EUR 200 million and a loan of EUR 100 million.
The other appro
SK nexilis receives order for copper foils from AESC Group
Several South Korean media sources reported that SK nexilis Co., Ltd. (SK nexilis) has signed a contract with a Japanese secondary battery manufacturer, AESC Group, to supply copper foils to AESC’s global production bases. The deal is valid for ten years from 2025, and the sales under the contract are expected to rea
AESC breaks ground on EV battery plant in Florence County, South Carolina
On June 7, Japanese battery technology company AESC held a groundbreaking ceremony on its new 30 GWh battery plant in Florence County, South Carolina.
With construction of the 1.5 million square foot plant underway, operations are expected to begin in 2026, creating 1,170 new jobs.The AESC Florence plant will supply
Envision AESC starts construction of second UK gigafactory
On December 9, Envision AESC started construction of its second Sunderland battery plant. It will have a capacity of 12 GWh and will employ more than 1,000 people when operational in 2025. It will be powered by 100% net zero carbon energy. The facility will produce AESC’s latest generation batteries, with 30% more en
Envision AESC to begin construction of USD 810 million battery plant in South Carolina
On December 6, Envision AESC’s managing director in the U.S., Jeff Deaton, along with South Carolina Governor Henry McMaster, announced the company will begin construction on its new USD 810 million battery plant in the city of Florence to supply BMW.
Located in an 870-acre Technology and Commerce Park in Florence,
Infosys, India to digitize and automate processes at Envision AESC’s battery plants
On November 22, Infosys announced a strategic collaboration with Envision AESC. Infosys will help develop a cloud-based platform to digitize and automate manual processes at Envision AESC’s Electric Vehicle (EV) battery manufacturing plants. The platform leverages AWS Cloud components of Infosys Cobalt, a set of serv