Battery cell manufacturer AESC has paused construction work on its USD 1.6 billion manufacturing plant in Florence County, South Carolina, which is intended to supply BMW with cylindrical cells and create around 1,600 jobs.
The reason cited for the temporary halt to construction is uncertainty regarding U.S. economi
On June 3, AESC, a global leader in high-performance battery solutions, announced the start of production (SOP) at its gigafactory in Douai, France.
The facility has an annual production capacity of 10 GWh and currently supplies advanced batteries to Renault, with the potential to power up to 200,000 electric vehicle
On May 9, the UK Government announced a GBP 1 billion investment to support the construction of a new AESC gigafactory in Sunderland, creating 1,000 new jobs and accelerating the country’s transition to electric vehicles.
The gigafactory will produce batteries for electric vehicles, with the capacity to power up to 1
On January 31, the European Commission announced that it has approved, under EU State aid rules, a EUR 48 million French measure to help Envision AESC France in setting-up a new factory for the production of Lithium-ion batteries for electric vehicles in Douai, France. The measure will support job creation, regional
On October 3, Nissan announced it is recalling 23,887 2019-2020 Leaf EVs manufactured in Smyrna, Tennessee because their high-voltage battery packs may catch fire while DC fast-charging.
According to the U.S. National Highway Traffic Safety Administration (NHTSA), the recall affects vehicles assembled between August
On July 8, the President of Spain attended the ceremony to lay the first stone of the AESC lithium battery gigafactory in Navalmoral de la Mata, Extremadura. The project will see an investment of EUR one billion in its first phase and create 900 jobs.
The president stated that the new project will give a further boo
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
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
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
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.
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
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
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
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
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
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
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