Envision AESC and BMW Group Announces New Partnership in Battery Cell Production and Supply

Envision AESC announces a new multi-year partnership with BMW Group to supply latest innovation battery cells for the global brand's next generation electric vehicles.

To support production, Envision AESC has committed to invest in a dedicated new 30GWh battery manufacturing plant in South Carolina, which will be powered by 100 per cent net zero carbon energy.

Work is currently underway by the company to finalize a suitable site close to BMW Group's vehicle production and battery assembly facilities.

As part of the agreement, Envision AESC will supply technology-leading battery cells that result in 20 per cent more energy density, faster charging speeds and an extended range of up to 30 per cent for electric models produced in BMW Group's Spartanburg plant by 2030.

The new battery plant builds on an existing battery manufacture plant in Tennessee and a plant under construction in Kentucky, providing up to 70GWh capacity nationally and powering the US' move to electric vehicles.

Envision AESC's growing footprint in the US continues to drive technology and innovation advancement, supply chain development of EV battery production and cost-competitiveness, making electric vehicles more affordable and accessible for a mainstream US market.

Shoichi Matsumoto, Chief Executive Officer of Envision AESC, said: "We are delighted to partner with BMW Group as part of the next stage of growth of our US business. Our new 30GWh battery plant in South Carolina will harness state-of-the-art technology to create denser, lighter and more powerful batteries that travel further, faster without the need to charge. As we embark on this next stage of our journey, we are as committed as ever to working with our customers and strategic partners to drive innovation and continually push the boundaries of performance, safety and efficiency."

"We are delighted to have found a partner in Envision AESC that will supply our plant in Spartanburg with high-performance battery cells going forward. The new round cell specially designed for the electric architecture of our next generation models will allow us to improve range, driving performance and reduce charging time," said Joachim Post, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. "At the same time, both our companies are firmly committed to sustainable, environmentally responsible action."