JV Picks Michigan Site for EV Battery Materials Plant

URLhttps://www.americanmachinist.com/news/article/212
SourceAmerican Machinist
Date Published06/07/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Graphex Technologies
Parent companyGraphex Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):125
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 ($):75
Country(ies) from which reshored:Hong Kong
City reshored to:Warren
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery for EV
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?Government Incentives, Lead time/Time to market, Raw Materials Cost
Find Reshoring Articles