Factorial Energy to open new solid-state EV facility in US

SourceJust Auto
Date Published08/26/2022
Author NameDavid Leggett
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Factorial Energy
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):166
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):45
City reshored to:Methuen
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsolid-state battery cell
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Under-utilized capacity
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