Ascend Elements to Build $1B EV Battery Plant in Kentucky

URLhttps://www.designdevelopmenttoday.com/industries/
SourceDesign Development Today
Date Published08/02/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ascend Elements
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):400
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):1000
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion battery
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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