US EditionBillion-Dollar Battery Plant Pauses Construction Amid Electric Vehicle and Tariff Uncertainty
- AESC has paused construction on its Florence battery plant due to policy and market uncertainty, as stated by the company.
- AESC plans to resume construction when circumstances stabilize, according to the company.
- AESC intends to invest $1.6 billion and create 1,600 jobs in the future, as mentioned by the company.
- Market uncertainty is driven by speculation over decisions on tariffs and a budget, impacting electric vehicle tax credits.
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Washington pauses vehicle emission standards plan
Washington - The Washington State Department of Ecology has paused its plan for new vehicle emission standards for at least six months. This decision follows recent federal action impacting similar rules in California.
·Spokane, United States
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A Japanese company has interrupted the construction of a US 1.6 billion plant in South Carolina for the manufacture of batteries for electric BMWs, citing "political and market uncertainty".
·Montreal, Canada
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Plans for a $1.6 billion factory to make BMWs in South Carolina are on pause thanks to “market uncertainty” from Trump’s trade war
“Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time," the company's statement said.
·New York, United States
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Coverage Details
Total News Sources64
Leaning Left11Leaning Right4Center34Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 22%
C 69%
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