Company/Division name | Ultium Cells LLC |
Parent company | General Motors Company |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2022 |
Capital investment ($): | 2500 |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Labor concessions, Sustainable supply chain, increased demand |
Government Incentive dollar amount: | 2.5 bn$ |