Company/Division name | Statevolt |
Parent company | Italvolt |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 4000 |
Country(ies) from which reshored: | Italy |
State(s) reshored to: | CA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV battery |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Infrastructure, Proximity to customers/market |