Automotive Energy Supply Corporation

Because the demand isn't there.

AESC has publicly announced there was a factory in Florence in North Carolina that was put on hold and it was nearly completed.

And it's a shame because there's a community thinking, oh, there's going to be 3,000 jobs and the governor's out there cutting a ribbon and everything.

And there just isn't a demand for those batteries to be sold to somebody.

While it found a technology partner for one form of battery chemistry, it failed for another.

For the NMC or nickel manganese cobalt chemistry, Agратas has licensed technology from AESC Apollo, which is a Japanese firm that's now majority owned by China's Envision Group.

And the deal saves Tata the effort of developing the technology from scratch.

But we don't know how far that gets Tata on its own.