Envision AESC announced a new $2 billion investment to build an EV battery plant in Bowling Green, Kentucky.
The new factory will produce 30 GWh annually, with an option to expand the facility up to 40 GWh.
The factory will supply up to 300,000 vehicles by 2027 when it is entirely up and running.
As per the announcement, the company will start the production of battery cells in 2025.
This will be the second US-based facility for the company. They already have a Tennessee plant that supplies Nissan.
The new plant will provide next-generation batteries for multiple global automotive manufacturers.
According to reporting by Nikkei, the new Envision AESC plant will provide battery cells for Mercedes-Benz and, most likely, Honda.
The investment will create roughly 2,000 new jobs in Kentucky in the growing EV battery production niche.
In addition, the State of Kentucky will provide up to $116.8 million in state incentive programs. Additionally, the state will provide up to $5 million for skills training.
By all indications this new plant is part of a broader plan by Envision AESC to expand their operations across the world. Currently, the company has plants in Japan, the United Kingdom, the United States and china. With additional plants under construction in France, Japan and the United Kingdom.