AESC $1.6 Billion EV Battery Plant
Sector: Energy Storage • Location: Florence, South Carolina, United States
Source: macnifico.pt
AESC planned a $1.6 billion electric vehicle battery gigafactory in Florence, South Carolina, intended to create 1,600 jobs and serve as a key North American hub for battery production. The project was halted due to policy and market uncertainties, including trade tariffs and shifting tax incentives, causing construction to stop after $1 billion had already been invested. The company remains commi
- Status
- Under Construction
- Sector
- Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
- Location
- Florence, South Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- macnifico.pt
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Project Information
Participants
| Not available for this record. |
Status
Original status | construction halted |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | AESC planned a $1.6 billion electric vehicle battery gigafactory in Florence, South Carolina, intended to create 1,600 jobs and serve as a key North American hub for battery production. The project was halted due to policy and market uncertainties, including trade tariffs and shifting tax incentives, causing construction to stop after $1 billion had already been invested. The company remains committed to the project but has not set a restart date. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | South Carolina |
City | Florence |
Source
Source | macnifico.pt |
URL |
More Details
Record type | Project |
Sector | Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive |
Article published date | 2025-06-08 |
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