AESC Battery Plant in Florence, South Carolina
Sector: Energy Storage • Location: Florence, South Carolina, United States
Source: Daily Freeman
A Japanese company, Automotive Energy Supply Corp. (AESC), has paused construction on a $1.6 billion battery factory in Florence, South Carolina, which is intended to produce batteries for electric BMW vehicles. The pause is due to policy and market uncertainties, including potential loss of federal tax breaks and tariff uncertainties. The company has invested $1 billion so far and plans to hire 1
- Status
- Failure
- Sector
- Energy Storage, Automotive, Electric Vehicles (EVs), Manufacturing (Industrial), Warehouse
- Location
- Florence, South Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- Daily Freeman
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Project Information
Participants
| Not available for this record. |
Status
Original status | Paused |
Taiyo status | Failure |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A Japanese company, Automotive Energy Supply Corp. (AESC), has paused construction on a $1.6 billion battery factory in Florence, South Carolina, which is intended to produce batteries for electric BMW vehicles. The pause is due to policy and market uncertainties, including potential loss of federal tax breaks and tariff uncertainties. The company has invested $1 billion so far and plans to hire 1,600 workers. The plant is part of a broader investment in electric vehicle manufacturing in South Carolina. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | South Carolina |
City | Florence |
Source
Source | Daily Freeman |
URL |
More Details
Record type | Project |
Sector | Energy Storage, Automotive, Electric Vehicles (EVs), Manufacturing (Industrial), Warehouse |
Article published date | 2025-06-08 |
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