Michigan startup investing $1.6B in EV battery gigafactory, creating 2,112 jobs

SourceM Live
Date Published10/05/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Our Next Energy
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2112
Year reshoring announced:2022
Capital investment ($):1600
City reshored to:Van Buren
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectric vehicle 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?Automation/technology, Government Incentives, Raw Materials Cost
Government Incentive dollar amount:$200 million state grant
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