Tesla Battery Supplier CATL Said To Actively Explore Sites For US Manufacturing Plants

URLhttps://eresearch.fidelity.com/eresearch/evaluate/
Sourcehttps://eresearch.fidelity.com
Date Published05/06/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name CATL
Parent companyContemporary Amperex Technology Co. Limited
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Country(ies) from which reshored:China
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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