Clarksville lands $220 million Microvast plant; expected to bring 287 direct jobs

SourceLeaf Chronicle
Date Published02/10/2021
Author NameJimmy Settle
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Microvast Power Solutions
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):287
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):220
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLi-ion batteries for EVs
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:payment-in-lieu-of-taxes (PILOT) agreement
Find Reshoring Articles