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”
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The report was out on Wednesday US time.

Source: Forex Live