The Envision AESC plant at Bowling Inexperienced in south-central Kentucky will produce battery cells and modules to energy the subsequent technology of electrical automobiles, the Democratic governor stated.
The plant’s merchandise will probably be made for a number of auto producers globally.
The announcement represents Kentucky’s second-largest financial improvement funding, the governor stated, following an excellent bigger battery manufacturing plant announcement final yr.
“With right now’s announcement, we solidify that the commonwealth of Kentucky is the undisputed electrical battery manufacturing capital of america of America,” Beshear stated in asserting the brand new challenge at an occasion at Kentucky’s Capitol.
Envision AESC Group CEO Shoichi Matsumoto stated the Kentucky funding is a part of the corporate’s subsequent section of battery technique to energy electrical automobiles within the U.S.
“This main funding builds on our dedication to the U.S. market, helps development of the electrification provide chain and secures excessive worth jobs for future generations within the area,” he stated.
“This dedication takes us one step additional towards our ambition to make high-performance, longer-range batteries for a various vary of automotive producers worldwide to help the EV transition,” he added.
The brand new improvement follows final yr’s announcement that Ford and its battery accomplice will construct twin battery vegetation exterior the Glendale group in central Kentucky. That mega-project will create 5,000 jobs to provide batteries for the automaker’s subsequent technology of electrical automobiles.
“So as soon as once more an organization that’s redefining the auto trade is betting their future on Kentucky and our workforce,” Beshear stated Wednesday.