To Boost Domestic Manufacturing of EV Chips, Energy Department Loans $2.5 Billion

URLhttps://www.thomasnet.com/insights/to-boost-domest
SourceTHOMAS
Date Published08/10/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name U.S. Department of Energy
Parent companyU.S. Department of Energy
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):5000
Year reshoring announced:2022
City reshored to:Lordstown
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectric-vehicle battery
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?Automation/technology, Government Incentives, loans $2.5 billion.
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