Caterpillar Announces Investment in Lithos Energy Inc. to Further Battery Pack Development and Manufacturing

Date Published01/06/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lithos Energy, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
City reshored to:San Rafael
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion battery packs
What domestic positive factors made reshoring more attractive?Lead time/Time to market
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