The Wall Street Journal (gated) report on AESC is pausing construction of its $1.6 billion South Carolina EV battery plant due to economic uncertainty.
In brief:
- Chinese-owned company is halting construction
- in part because of the Trump administration’s tariffs and a potential loss of federal subsidies for clean energy
- company pausing construction work because of “economic uncertainty arising from current federal policy and tax issues.”
- “Our intent is to finish construction of the facility once stability and predictability have returned to the market”
The report was out on Wednesday US time.
This article was written by Eamonn Sheridan at www.forexlive.com.