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Chinese-owned, S.C. EV battery plant halts construction amid tariffs, subsidy risks

Summary by Wall Street Journal

AESC has paused work on its $1.6B battery plant in Florence, S.C., citing economic uncertainty tied to tariffs and potential loss of federal subsidies. The facility, meant to supply BMW’s 2027 EVs, is nearly built but equipment installation has stopped.

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Wall Street Journal

Chinese-owned, S.C. EV battery plant halts construction amid tariffs, subsidy risks

AESC has paused work on its $1.6B battery plant in Florence, S.C., citing economic uncertainty tied to tariffs and potential loss of federal subsidies. The facility, meant to supply BMW’s 2027 EVs, is nearly built but equipment installation has stopped.

5 days ago·New York, United States

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Wall Street Journal broke the news in New York, United States 5 days ago on Sunday, June 15, 2025.

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