Battery Manufacturer Plans to Bring 1,500 Jobs to South Dakota with Gigafactory

URLhttps://www.thomasnet.com/insights/battery-manufac
Sourcehttps://www.thomasnet.com
Date Published10/08/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name AEsir Technologies
Parent companyAEsir Technologies
Type of work Manufacturing
Reshoring category:Kept from Offshoring
Total number of jobs (added or to be added):1500
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):300
City reshored to:Rapid City
State(s) reshored to:SD
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredNickel zinc batteries
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount: $1 million
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