Aesc company

AESC (Automotive Energy Supply Corporation) is a Japanese company with a strong presence in the global EV battery market. Here are some key points about AESC: 1. **History and Operations**: AESC was founded in 2007 as a joint venture between Nissan, Tokin Corporation, and NEC Corporation. It specializes in the production of lithium-ion batteries for electric vehicles. The company has two main production bases in Japan and the UK, with plans for expansion in the US as well. 2. **Recent Developments**: AESC has recently secured significant funding and partnerships to support its growth in the UK. The company has announced a £1 billion ($1.33 billion) funding deal backed by the UK government, which will be used to build a new EV battery factory in Sunderland. This factory is expected to boost the UK's EV battery production and create over 1,000 jobs. 3. **Production Capacity and Technology**: AESC has a total capacity of 38GWh per year and is known for its high-performance batteries that are carbon neutral and have a proven track record of safety and reliability. The company's new factory in Sunderland will be powered by 100% net-zero carbon energy and will have a capacity of 12GWh, enough to power 100,000 electric cars annually. 4. **Partnerships and Collaborations**: AESC has partnerships with major automakers, including Nissan, BMW, and others. The company's focus on domestic production, as evidenced by its UK factory, aligns with the trend of governments promoting locally produced batteries to ensure supply chain resilience. In conclusion, AESC is a leading player in the global EV battery market, with a strong presence in the UK and a track record of innovation and partnership. Its recent developments in the UK suggest a strategic focus on expanding its production capacity and technology to meet the growing demand for EV batteries.