Chinese-Owned Battery-Maker’s U.S. Plan Stalls Amid Policy Uncertainty
Listen to the full version
AESC Group Ltd., the battery subsidiary of Shanghai-based green tech company Envision Group, has paused construction on a U.S. plant while starting production at another, highlighting how shifting trade and energy policies are complicating business decisions for companies expanding in the U.S.
AESC said earlier this month that it would halt work on its $1.6 billion battery plant in South Carolina due to “policy and market uncertainty.” The project, initially slated to supply next-generation batteries to German automaker BMW AG starting in 2026, will resume once “circumstances stabilize,” the company said.
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
- DIGEST HUB
Digest Hub
Back
- 2012：
- The Tennessee facility was originally built to supply batteries for Nissan's Leaf electric vehicles.
- 2019：
- Envision Group acquired AESC from Nissan.
- May 22, 2025：
- The U.S. House passed a bill that would eliminate consumer tax benefits for most EV purchases by the end of 2026.
- May 29, 2025：
- E2, an industry association, reported that businesses canceled or downsized more than $14 billion in investments and 10,000 new jobs in clean energy and clean vehicle factories since January 2025.
- June 3, 2025：
- AESC broke ground on the first phase of its battery plant in Douai, France.
- June 10, 2025：
- AESC began production at a repurposed battery facility in Tennessee, originally built in 2012.
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新