Plans for a $1.6 billion factory to make BMWs in South Carolina are on pause thanks to “market uncertainty” from Trump’s trade war

fortune.com/2025/06/06/trump-tariffs-aesc-electric-vehicles-ev-plant-pause

A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.”
While Automotive Energy Supply Corp. didn’t specify what those problems are, South Carolina’s Republican governor said…

This story appeared on fortune.com, 2025-06-06 16:39:20.
The Entire Business World on a Single Page. Free to Use →