EV Battery Company to Build $2 Billion Gigafactory in Kentucky

URLhttps://www.thomasnet.com/insights/ev-battery-comp
SourceThomasnet
Date Published04/28/2022
Author NameNolan Beilstein
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Envision AESC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2000
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):2000
Country(ies) from which reshored:Japan
City reshored to:Bowling Green
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredbattery cells and modules
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$122 million
Find Reshoring Articles