Five years in 'stealth mode' kept Alevo battery plant under wraps

SourceCharlotte Business Journals
Date Published10/30/2014
Author NameJohn Downey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Alevo
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Total number of jobs (added or to be added):1000
Year reshoring announced:2014
Domestically, the work will be done:In-house
Capital investment ($):1000
Country(ies) from which reshored:Switzerland
City reshored to:Concord
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment/Appliances/Components
Product(s) reshoredEnergy storage systems, batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies
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