Electric vehicle battery manufacturer announces $810M expansion in Florence

SourceColumbia Regional Business Report
Date Published12/12/2023

Additional Reshoring Information:

Company/Division name AESC
Parent companyAESC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):450
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):810
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
Product(s) reshoredFlorence County
What domestic positive factors made reshoring more attractive?Eco-system synergies, Under-utilized capacity
Government Incentive dollar amount:$50M in state general economic development bonds.
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