“While Automotive Energy Supply Corp. (AESC) didn’t specify what those problems are, South Carolina’s Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump’s administration,“ noted the report.
AESC announced the suspension in construction of its plant in Florence on Thursday. “Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,“ the company’s statement said.
The battery maker based in Japan also has facilities in China, the United Kingdom, France, Spain and Germany. In the United States, AESC has a plant in Tennessee and is building one in Kentucky. The statement didn’t mention any changes with other plants.
Read More Details
Finally We wish PressBee provided you with enough information of ( Billion-dollar battery plant pauses construction in US amid electric vehicle, tariff uncertainty )
Also on site :