New U.S. Battery Entrant Targets Fully Domestic Supply Chains

URLhttps://www.forbes.com/sites/davidblackmon/2023/01
SourceForbes
Date Published01/25/2023
Author NameDavid Blackmon
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Statevolt
Parent companyItalvolt SpA
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2500
Year reshoring announced:2022
Country(ies) from which reshored:Italy
City reshored to:southern
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredgigafactory
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Image/brand, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Inflation Reduction Act
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