Microvast Advanced Membrane Plans Hopkinsville, Kentucky, Mass Production Facility

SourceArea Development
Date Published04/05/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Microvast Advanced Membrane Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):462
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):504
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV battery materials, polyaramid
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount: $21 million
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