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June 9, 2025

Billion-dollar battery plant pauses construction

  • The $1.6B South Carolina factory is slated to help make batteries for electric BMWs.
    • By JEFFREY COLLINS
    Associated Press

    COLUMBIA, S.C. — A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.”

    While Automotive Energy Supply Corp. 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.


     
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