World-leading Japanese electric vehicle battery maker Envision AESC along with Governor Henry McMaster, announced its USD 810 million investment to build a new, state-of-the-art gigafactory in Florence in South Carolina. The 30GWh plant will create 1,170 skilled jobs in the region in its first phase, producing high performance batteries to power the next generation BMW Group’s EVs. By 2030, BMW Group will produce at least six fully electric models in its plant in Spartanburg, South Carolina. Located in an 870 acre Technology and Commerce Park, with convenient proximity to the interstate and Inland Port Dillon, the Florence plant will be approximately 1.5 million square feet. The new strategic partnership with South Carolina awarded Florence County with a USD 135 million Closing Fund grant via the Coordinating Council for Economic Development and the Joint Bond Review Committee, in addition to USD 70 million in state general economic development bonds to support with off-site infrastructure and a training center.