Battery manufacturing ramps up in the U.S.

Sourcepv magazine
Date Published09/23/2022
Author NameAnne Fischer
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ultium Cells LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):2300
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery storage
What domestic positive factors made reshoring more attractive?Government Incentives, Inflation Reduction Act
Government Incentive dollar amount:$2.5 billion loan
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