Electric Vehicle Company Announces $25 Million Investment in First U.S. Facility

URLhttps://www.thomasnet.com/insights/electric-vehicl
Sourcehttps://www.thomasnet.com/
Date Published01/26/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cenntro
Parent companyCenntro Automotive Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):34
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):25
Country(ies) from which reshored:China
City reshored to:Jacksonville
State(s) reshored to:FL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric vehicle
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