FREYR Battery and ITOCHU Partner to Develop Materials Supply Chain

URLhttps://www.businesswire.com/news/home/20221027005
SourceBusinesswire
Date Published10/27/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Country(ies) from which reshored:Belgium
City reshored to:Boston
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredclean, sustainable lithium battery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Raw Materials Cost
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