POST Online Media Lite Edition



 

Envision AESC investing $2 billion in Warren County, Kentucky, will create 2,000 jobs

Christian Fernsby |
Envision AESC announced $2 billion investment to build a new, state-of-the-art gigafactory in the Kentucky Transpark in Bowling Green, Warren County.

Article continues below




The 30GWh plant will create 2,000 skilled jobs in the region, producing battery cells and modules to power the next generation EVs produced for multiple global automotive manufacturers.

The investment cements Kentucky’s leading role in the automotive industry of the future. For Envision AESC, the facility marks the next stage of growth.

The company will produce new generation battery cells with 30% more energy density than the current generation, reduced charging time and increased range and efficiency for EVs, powering up to 300,000 vehicles annually by 2027.

These high-tech capabilities will increase the cost-competitiveness and technological expertise of EV battery production in Kentucky and in the U.S., making electric vehicles more accessible and affordable for motorists.

The gigafactory will be powered by 100% renewable energy, supplied by onsite generation and purchased locally from the Tennessee Valley Authority (TVA), ensuring the plant helps drive progress toward decarbonizing the state’s industrial sector.

The plant will be approximately 3 million square feet and marks one of the largest economic projects in the commonwealth’s history. Selected for its strong automotive manufacturing base, skilled workforce and excellent infrastructure, Kentucky is already the nation’s No. 1 producer of cars, light trucks and SUVs per capita and the center of Auto Alley in the U.S.

The new strategic partnership with Kentucky provides up to $116.8million from state incentive programs and up to $5million grant-in-aid for skills training.

As the latest investment by Envision AESC to help scale up EV manufacturing capabilities in strategically important regions, the plant follows last year’s announcements to build gigafactories in Douai, France, and Sunderland, U.K.

This brings Envision AESC’s total capacity to approximately 150GWh worldwide and advances its commitment to reach 300GWh by 2026. As with Bowling Green in Kentucky, all plants will be powered by low carbon energy and digitally enabled with smart infrastructure software to optimise the energy footprint.

Envision AESC is headquartered in Japan.


What to read next

Renault inks gigafactory deals with Chinese and French firms
Envision commissions wind farm in France
Mercedes-Benz opens new battery plant in Bibb County, Alabama, to create up to 600 jobs

Changi Airport to invest S$3 billion on upgrading facilities

 
Changi Airport Group (CAG) is to invest S$3 billion over the next six years on enhancing Terminals 1 to 4 at Singapore Changi Airport.
 
 

Latest

Fraport tests sustainable asphalt based on cashew nuts
Study: Missing a deadline has a bigger impact than you might think
Australia finalises trade deal with UAE
Canada orders TikTok to close its business in country

NEWS

Spanish government announces 10.6B euro aid for flood-hit area

Excessive rainfall and flooding threat in Puerto Rico and New Mexico
Record heat in southern U.S.
Peru's ex-president Alejandro Toledo sentenced to 20 years in prison over corruption
U.S. weather: Dry in east; active pattern for west
Finland wins European Transport Safety Council’s road safety prize for 2024
 

BUSINESS

U.S. now second-largest supplier of goods to Netherlands

U.S. oil and gas rig count unchanged stays at 585
Governor Moore commends launch of double-stack rail operations at Port of Baltimore
Iran lifts ban on brand-new Apple phones import
Istanbul provides free public transport for unemployed residents
EIB backs Gran Canaria with €300 million loan for Salto de Chira hydroelectric project
 

Trending Now

Rio Tinto and China’s State Power Investment Corporation to trial battery swap truck technology

Canada orders TikTok to close its business in country

Albania fights bird flu with poultry import ban

€700,000 from European Globalisation Adjustment Fund will support 632 dismissed workers in Belgium


POLITICS

​Sweden rejects plans for 13 wind farms over Russian missile threat

€700,000 from European Globalisation Adjustment Fund will support 632 dismissed workers in Belgium
New Jersey Governor Murphy to lead economic mission to UK
Indonesia bans sales of Google's Pixel smartphones
UK Government ends miners’ pension injustice
Governor Pillen joins letter requesting Biden take action dealing with IV fluid shortage
 

Today We Recommend

Spanish government announces 10.6B euro aid for flood-hit area


Highlights 

Changi Airport to invest S$3 billion on upgrading facilities

Hapag-Lloyd invests $4B in 24 new container ships

MEPPI will create at least 200 new jobs in Southwestern Pennsylvania


COMPANIES

Rio Tinto and China’s State Power Investment Corporation to trial battery swap truck technology

Hapag-Lloyd invests $4B in 24 new container ships
MEPPI will create at least 200 new jobs in Southwestern Pennsylvania
Solarcycle will create 640 new full-time jobs in Polk County, Georgia
Polish Laude Smart Intermodal to build rail terminal in Ukraine
Pennsylvania: GSK will create at least 200 new, high-paying jobs in Lancaster County
 

CAREERS

President and CEO of Fortaco to retire

Stellantis leverages its management organisation
African Development Bank appoints director general for East Africa
Mars announces new leadership within its petcare business
OCI Global announces leadership changes
Ethypharm appoints Éric Chevalier as group human resources director
 

ECONOMY

Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst

Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Albania fights bird flu with poultry import ban

Romania eyes restart of sheep exports to Morocco
U.S. confirms H5N1 bird flu in swine for first time
Bluetongue outbreaks escalate in Czech Republic
French farmers to resume nationwide protests in November
Greece on alert after outbreak of sheep pox
 

LEADERSHIP

Employers prefer younger job candidates for AI roles although experienced workers perform same or better

Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
 

CRIME

BHP, Vale agree to pay $30B damages for Brazil dam disaster

Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
Italy issues $6.4 million fine over Chinese cars badged as Italian
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

One more barrier to developing vaccine for HIV removed

Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
First mpox vaccines arrive in Africa
 

MEANTIME

Einstein Telescope step closer

Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033
Potentially habitable 'exo-Venus' with Earth-like temperature discovered
Rare species of wild bees discovered in Berlin