Announced in 2022, a $2.6 billion battery plant to be built by Norwegian startup Freyr in Newnan, Georgia – roughly 40 miles southwest of Atlanta – and expected to bring at least 725 jobs to the area, was unannounced on Thursday as exec Jason Peace tells the Atlanta Journal-Constitution the cancellation was due to climbing interest rates, falling battery prices, and leadership changes.
What’s funny is that the article makes no mention of politics, not from the company’s statements nor from any speculation by the reporter, but it does link to the AJC’s 2022 article about the project’s announcement which does specifically say “Freyr credited Biden’s Inflation Reduction Act and said the Coweta factory will help enhance the US’s domestic supply chain for lithium-ion batteries, technology that foreign countries such as China currently dominate.” Thanks Trump!