SungEel pulls plug on Stephens County Facility

The Stephens County Development Authority announces that SungEel is no longer moving forward with a planned advanced manufacturing facility in Stephens County. The battery recycling facility was scheduled to be located at Hayestone Brady Industrial Park. Stephens County Development Authority President and CEO Brittany Ivey gives details.

Taxpayer protection is a top priority of the Stephens County Development Authority and no local or state taxpayer money was lost on the project, says Stephens County Development Authority Board Chairman Brian Akin.

Slowing demand for electric vehicles in the United States has impacted companies in the supply chain like SungEel, which caused them to cease plans to locate in Stephens County.