/ world today news/ “After reconsideration, we rejected the plan to create a battery plant in the American state of Oklahoma,” announced the Japanese company Panasonic, supplier of batteries for the Tesla company.
In January, South Korea’s LG postponed its plan to collaborate to set up a US battery plant with US General Electric Company. In July, the Taiwanese company TSMC announced that it would end the company’s production in the US in 2025 due to a lack of skilled workers. Since this year, a number of companies have abandoned or postponed plans to set up plants in the US.
Why do they do it, despite the incentive measures to attract foreign companies to the country? For companies, investing always takes into account costs, local market and resources. An investment decision is made after multiple studies.
Currently, electric cars made in China occupy more than half of the world market. China-made batteries can meet 90% of market needs. It is not easy to “break up” with China. American car dealers recently called on the government to stop a “radical” plan to manufacture electric cars in the US.
American citizens are concerned that forcing industries back to the US will increase costs and possibly lead to inflation. It is not clear against the background of these factors what will be the reaction of the market.
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