NEW YORK, June 6 (Xinhua) -- A Japanese company has halted construction on a 1.6 billion U.S. dollars factory in South Carolina to help make batteries for electric BMWs, citing "policy and market uncertainty," reported The Associated Press on Friday.
"While Automotive Energy Supply Corp. (AESC) didn't specify what those problems are, South Carolina's Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump's administration," noted the report.
