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Electric vehicle battery company halts construction of SC manufacturing plant
ECONOMY
Electric vehicle battery company halts construction of SC manufacturing plant
Gov. McMaster points to uncertainty in Washington, but urges people to “relax”
BY: JESSICA HOLDMAN - JUNE 5, 2025 5:42 PM
A battery cell maker is pausing work on its manufacturing plant under construction in the Pee Dee, delaying its pledge of 1,600 new jobs for South Carolinians. … Envision Automotive Energy Supply Co. (AESC) announced the work stoppage Thursday, two years after breaking ground on the facility near Florence.
“AESC has informed the state of South Carolina and our local partners that due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,” spokesman Brad Grantham said in a statement. “We anticipate being able to resume construction once circumstances stabilize.”
The Japanese-headquartered firm already has invested more than $1 billion into the Florence facility, Grantham said. … He said the company “fully intends to meet our commitments to invest $1.6 billion and create 1,600 jobs in the coming years,” but did not indicate what the new timeline might be. The company declined to provide further comment.
Gov. Henry McMaster, while speaking to reporters, pointed to uncertainty in Washington, D.C., as a reason.
{snip}
Electric vehicle battery company halts construction of SC manufacturing plant
Gov. McMaster points to uncertainty in Washington, but urges people to “relax”
BY: JESSICA HOLDMAN - JUNE 5, 2025 5:42 PM
A battery cell maker is pausing work on its manufacturing plant under construction in the Pee Dee, delaying its pledge of 1,600 new jobs for South Carolinians. … Envision Automotive Energy Supply Co. (AESC) announced the work stoppage Thursday, two years after breaking ground on the facility near Florence.
“AESC has informed the state of South Carolina and our local partners that due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,” spokesman Brad Grantham said in a statement. “We anticipate being able to resume construction once circumstances stabilize.”
The Japanese-headquartered firm already has invested more than $1 billion into the Florence facility, Grantham said. … He said the company “fully intends to meet our commitments to invest $1.6 billion and create 1,600 jobs in the coming years,” but did not indicate what the new timeline might be. The company declined to provide further comment.
Gov. Henry McMaster, while speaking to reporters, pointed to uncertainty in Washington, D.C., as a reason.
{snip}
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