AESC is opening a huge EV battery factory in South Carolina to supply BMW

Date Published06/07/2023
Author NameMichelle Lewis

Additional Reshoring Information:

Company/Division name AESC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1170
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Capital investment ($):800
Country(ies) from which reshored:Japan
City reshored to:Florence County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies
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