FLORENCE COUNTY, S.C. —

Electric vehicle battery maker AESC has suspended construction of a new facility in South Carolina.

AESC is building the facility in Florence County, and it is expected to help supply batteries for BMW's facilities in Spartanburg County.

In a statement, AESC cited market uncertainty for the pause:

“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. AESC has invested over $1 billion into the Florence facility, and we anticipate being able to resume construction once circumstances stabilize. AESC fully intends to meet our commitments to invest $1.6 billion and create 1,600 jobs in the coming years.”

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