Battery Boom Goes Bust? $1B South Carolina EV Plant Halts Construction, 1,600 Jobs in Limbo

Startling Pause: South Carolina’s Billion-Dollar EV Battery Plant Grinds to a Halt, Putting Future Jobs and Growth at Stake

Envision AESC’s $1B South Carolina EV battery plant hits an abrupt pause, casting uncertainty over 1,600 new jobs and future US clean tech investments.

Quick Facts:

  • 1,600 promised new jobs now in limbo
  • $1.6 billion total investment committed by Envision AESC
  • $1 billion+ already invested in SC facility
  • 4 months since AESC last scaled back expansion plans

Envision Automotive Energy Supply Co. (AESC), a leading EV battery cell manufacturer, has abruptly slammed the brakes on its highly touted South Carolina plant.
The shock announcement leaves the promise of 1,600 new jobs and the state’s biggest-ever Pee Dee economic deal shrouded in uncertainty.

AESC’s pause, announced two years after breaking ground, comes as global EV sales growth struggles to match early hype and as policy headwinds blow in from Washington.
Tax credits hang in the balance and tariffs rise sharply, putting both local hiring and America’s clean energy ambitions at risk.

The Japanese company had already funneled more than $1 billion into its Florence County project—part of a massive $1.6 billion commitment to supply battery cells for auto giant BMW.
However, in a nod to mounting “policy and market uncertainty,” AESC says it’s hitting pause and will only resume when the outlook stabilizes.

Q: Why Did AESC Stop Construction?

AESC attributes its decision to volatile policies in America’s electric vehicle sector. Industry observers point to steep tariffs enacted by the Trump administration and proposals from congressional Republicans to roll back consumer tax credits on EV purchases and charging infrastructure.

For AESC, already reeling from shifting market demand, these blows proved too much. Previously, the company scrapped an expanded second facility—and the 1,080 jobs attached—citing reduced demand from partners like BMW.

Q: What Does This Mean for South Carolina’s Job Market?

The sudden halt throws the fate of 1,600 new jobs into question. Governor Henry McMaster struck a cautious tone, urging patience but acknowledging disappointment. Economic development officials say existing incentives—over $250 million in grants and bonds—remain untouched for now.

While a second phase and its state-backed incentives were already clawed back, the remaining project still represents one of the region’s largest economic hopes, promising new opportunities if— and when —construction resumes.

How to Track Changes in the EV Industry

Staying abreast of EV market trends is critical for jobseekers, investors, and policymakers alike.

Q: What’s Next for the Pee Dee Region?

AESC insists its commitment to its South Carolina facility and the promised jobs stands—once “circumstances stabilize.” Meanwhile, BMW’s $700 million EV battery assembly line in Woodruff remains on track for a 2026 opening, relying on eventual deliveries from AESC.

With a changing automotive landscape, some automakers are hedging bets on hybrids instead of going all-electric, echoing AESC’s careful, wait-and-see approach.

Stay in the Know—Your Quick Action Checklist:

  • Watch for AESC’s construction and hiring updates throughout 2025.
  • Read policy changes impacting US electric vehicle growth.
  • Explore training for high-demand battery and EV jobs in South Carolina.
  • Subscribe to industry and local government news alerts.
  • Be ready to seize new opportunities as shifts in clean energy investment unfold.
Company expands investment into Florence County EV battery plant, now expected to create 1,600+ jobs

Keep following developments for the latest on South Carolina’s high-stakes battery boom—and the jobs and investments hanging in the balance.

ByElxiza Watters

Elxiza Watters is a distinguished author and thought leader in the realms of new technologies and financial technology (fintech). With a degree in Computer Science from the prestigious Massachusetts Institute of Technology (MIT), she has a strong foundation in both theoretical and practical aspects of technological innovation. Elxiza honed her expertise at Blue Prism, a leading company in intelligent automation, where she collaborated with cross-functional teams to develop groundbreaking fintech solutions. Her keen insights and deep understanding of the intersection between technology and finance have made her a sought-after voice in the industry. Through her writing, she aims to demystify complex concepts and inspire a broader audience to engage with the rapidly evolving tech landscape.