‘North America’s only pure homegrown’ battery gigafactory serving EV and BESS sectors opens in New York

URLhttps://www.energy-storage.news/north-americas-onl
SourceEnergy Storage News
Date Published08/23/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magnis Energy Technologies
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Country(ies) from which reshored:Australia
City reshored to:Endicott
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Biden, IRA
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