US Electric Vehicle, Battery Manufacturing Get Investment Jolt

Date Published10/20/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ascend Elements
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):960
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium ion batteries, recycle cathode materials
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure Act, Biden
Government Incentive dollar amount:$480 million from DOE
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