GM leads new funding in US-based lithium supply company for EV batteries

URLhttps://www.freep.com/story/money/cars/general-mot
SourceDetriot Free Press
Date Published04/11/2023
Author NameJamie L. LaReau
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name EnergyX
Parent companyEnergy Exploration Technologies Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):50
City reshored to:Austim
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredbrine-based lithium
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
Find Reshoring Articles