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A Japanese company has paused construction of a $1.6 billion battery factory in South Carolina due to policy and market uncertainties related to tariffs and EV incentives, but plans to resume and meet its investment commitments, amid ongoing negotiations and economic strategies in the region.
A Japanese company has paused construction of a $1.6 billion battery factory in South Carolina due to policy and market uncertainties related to electric vehicle incentives and tariffs, but plans to resume and fulfill its investment commitments amid ongoing discussions with the government.
AESC, a Japanese battery maker, has paused construction of its South Carolina plant due to policy and market uncertainties, delaying its commitment to create 1,600 jobs and invest $1.6 billion, amid broader industry challenges and policy debates in the U.S.
AESC has paused construction at its Florence, South Carolina plant due to market and policy uncertainties, but assures that over 200 employees will remain employed and that construction will resume once conditions stabilize. The project, part of a $1 billion investment, aims to create 1,600 jobs, amid declining consumer interest in electric vehicles and ongoing political debates over EV mandates.