The groundbreaking for the new facility on 85 acres is the first milestone for e-VAC and Evans as they work to build this one-of-a-kind plant.

South Carolina’s economic strategy, targeting electric vehicle makers and suppliers in the automotive industry, awarded certain provisions to eVAC that will offset development costs, including the purchase of land and improvements to roads, water, and sewer connections. Pocotaligo Industrial Park, the site for eVAC’s new facility, was one of 200 sites competing for its business.

“Our concerted efforts to attract electric-vehicle related businesses to South Carolina continue to pay off in a major way, this time with more than half a billion dollars invested and 300 new jobs for Sumter County. This transformative investment by eVAC will bolster Sumter’s economy while strengthening our already thriving electric vehicle supply chain,” said South Carolina Governor Henry McMaster.

Rare earth permanent magnets are essential components for electric vehicle engines used in a broad portfolio of EVs as well as the F-35, Unmanned Aerial Vehicles, and numerous other defense systems. Commerce Secretary Harry M. Lightsey III highlighted eVAC as the only manufacturer in the Western Hemisphere working in this field.

“You can’t understate how world-class this company is,” stated Lightsey. “Their technology is cutting-edge, leading technology.”

When delivered, the facility is designed to produce 1600 tons per year of material and will use locally sourced raw materials.

Article sources: U.S. Department of Defense; South Carolina Daily Gazette, South Carolina Department of Commerce