Envision AESC was one of the industry's first EV battery producers. Now it's committing $2 billion to boost its U.S. market presence.
Japan's Envision AESC will invest $2 billion to build a battery-cell and module plant in Kentucky to supply Mercedes-Benz and multiple other automakers.
Huge investments are going into U.S. EV battery production capacity. But that will require upstream parts and materials that are not common to the North American industry.