FRANKFORT, Ky. — Envision AESC of Japan is staking a claim on the expanding American electric vehicle market with a $2 billion investment in a massive new battery cell and module plant in Bowling Green, Ky.
The plant will supply Mercedes-Benz's newly launched EV production line in Vance, Ala., 300 miles away. But it will also pitch future business to other U.S. automakers, Envision AESC Group CEO Shoichi Matsumoto told Automotive News on Wednesday.
"We will produce batteries for numerous electric vehicle manufacturers," Matsumoto said. "We have growth plans for both the U.S. and other regions around the world."