President Donald Trump used social media last weekend in an attempt to reassure foreign companies that they are welcome to build in the U.S. after an immigration raid at a Hyundai electric vehicle battery plant in Georgia.
The Sept. 4 raid triggered widespread concerns that such sweeps could chill investments, harm foreign relations and target particular industries — such as renewable energy ventures — already reeling from the administration’s heavy promotion of fossil fuels.
Businesses “are totally freaked out” in the wake of the raid, said a person who advises renewable energy clients and was granted anonymity to protect their clients’ interests.
“Nobody knows why that particular plant was targeted,” that person added, but the raid and its political fallout follow years of work in the United States attempting to lure investments in products including electric vehicles, solar panels, and other parts of the energy and transportation supply chains.
