# AESC to invest $1.5B in second battery plant in South Carolina

AESC plans to spend $1.5 billion to build a second EV battery production facility at its site in Florence County, South Carolina, creating 1,080 jobs. Operations are expected to begin in 2027, and the facility will supply BMW's assembly plant in San Luis Potosí, Mexico.

- Type: Expansion
- Announced: 2024-03-26
- Where: Florence County, South Carolina, United States
- Value: $1.50B
- Jobs: 1,080
- Starts operating: 2027
- Status: announced
- Products: lithium-ion battery cells, EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AESC Group](https://endata.com/companies/67128.md)
- [BMW](https://endata.com/companies/13009.md) (customer)

## Sources

- [manufacturingdive.com](https://www.manufacturingdive.com/news/bmw-supplier-aesc-1-5-billion-expand-florence-south-carolina-mexico/711485/), 2024-03-28: "South Carolina is a crucial part of our strategy to power next generation electric vehicles for customers across the U.S. by manufacturing high-performance, longer-range EV batteries locally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.