Battery tech company Group14 raises $400M in funding led by Porsche, plans 2nd US plant

URLhttps://electrek.co/2022/05/04/battery-tech-compan
Sourcehttps://electrek.co
Date Published05/04/2022
Author NameScooter Doll
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Group14 Technologies
Parent companyGroup14 Technologies
Type of work Manufacturing
Reshoring category:Reshoring
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 ($):400
City reshored to:Woodinville
State(s) reshored to:WA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-silicon batteries
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Proximity to customers/market
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