Company/Division name | Ultium Cells, LLC |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 700 |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 2300 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Warren |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | battery storage |
What domestic positive factors made reshoring more attractive? | Government Incentives, Inflation Reduction Act |
Government Incentive dollar amount: | $2.5 billion loan |