AMERICAN BATTERY FACTORY DEVELOPING FIRST NETWORK OF LITHIUM-IRON PHOSPHATE BATTERY GIGA-FACTORIES IN UNITED STATES

URLhttps://finance.yahoo.com/news/american-battery-fa
SourceYahoo Finance
Date Published03/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name American Battery Factory Inc
Parent companyAmerican Battery Factory Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):300
Year reshoring announced:2022
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredLFP battery cells
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Manufacturing/engineering joint innovation (R&D), Raw Materials Cost
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