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Billion-dollar battery plant pauses construction amid electric vehicle and tariff uncertain

Lindsey Cole June 09, 2025 1 min read
Construct Connect Canada
Billion-dollar battery plant pauses construction amid electric vehicle and tariff uncertain
AI Article Summary

A Japanese company, AESC, has paused the construction of its $1.6 billion battery factory in South Carolina. The decision comes amid uncertainty over policies and markets, specifically related to potential changes in federal tax breaks and tariffs. The factory was intended to supply batteries for BMW's electric vehicles. The halt reflects challenges faced by the automotive industry in adapting to fluctuating policy landscapes.