ADS-TEC Energy, a maker of fast electric vehicle charging stations, will open its first U.S. location in Auburn.
The $8 million facility, including sales, warehousing and assembly, will serve the North American market and create about 180 jobs over the next two years.
“We’re excited to welcome yet another high-tech German company to Alabama,” Gov. Kay Ivey said. “The partnership between German engineering and Alabama manufacturing has brought many innovative products to the North American market.
“We’re excited to add ADS-TEC Energy’s battery-buffered fast charging stations to that list, serving the quickly growing electric vehicle market,” she added. “Congratulations to ADS-TEC Energy’s leadership for selecting Auburn as their U.S. home.”
ADS-TEC Energy has built rapid electric charging stations for 10 years, and Thomas Speidel, the company’s founder and CEO, said the company is pleased that it can set up a sales, warehousing and assembly location in Auburn within one year of listing its shares on the NASDAQ exchange.
“This will represent a successful market presence in the USA embedded in a strong, innovation- and growth-driven economic environment,” he said. “We are very grateful for the intensive support by the city of Auburn and the state of Alabama, in particular by Gov. Kay Ivey, as well as the business-oriented local decision-makers, who continue to support us constructively.”