The manufacturer Aspen Airgel Inc. He canceled plans to build a $ 325 million plant in Statasboro, Ga. “In its existing manufacturing plant on Rhode Island.
Aspen was planning to produce thermal barriers for electric vehicle batteries on the 500,000 square meters in a 90-hectare place in the southeast of Georgia. Turner Construction Co., based in New York, was the contractor. A Turner representative did not respond immediately to an email consultation on the day of the presidents.
“We are taking decisive actions to navigate an evolving environment,” Young said during a call with investors.
Aspen will move some teams from the canceled project to update and expand the Rhode Island plant, according to the company.
The announcement occurs after automobile manufacturers make a slower demand for what was expected and as a prisoner administration. Donald Trump again withdrawing the policies of Biden’s time that supported the EVs. One of Trump’s executive orders on the first day of his new term revoked a Biden Biden order that set a non -binding goal of having an EVS account for half the new cars sold in the United States by 2030 and a Note of the administration of the federal road of February 6. State transport officials reported that he was suspending a $ 5 million program that provided funding for EV chargers.
Aspen had previously planned to open the plant in 2024, but the executives later told investors that they had been able to hire some material, allowing a later start to plant operations. He now says that he can meet long -term demand by expanding his capacity for oriental providence, RI, plant and relying on external manufacturing as needed.
“At the beginning of 2023, preventing a reestablishment of EV demand expectations, we decided that the construction of our Airgel manufacturing facility provided for in Statusboro, Georgia, and later increased our capacity for external manufacturing for our Energy industrial business, “said Ricardo Rodriguez, CFO and Treasurer in Aspen, in a statement.
Aspen is not the only company that has recently called a plant project in Georgia. At the end of January, Freyr Battery, the solar and battery storage manufacturer, also canceled his $ 2.6 billion project in Coweta County, GA.
