Administration Awards $2.8B to Foster Domestic EV Battery Manufacturing

URLhttps://www.thewellnews.com/manufacturing/administ
SourceThe Well News
Date Published10/25/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name The Department of Energy
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Capital investment ($):2800
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredlithium, graphite battery
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market
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