$600 million EV supplier plant in Southeast Tennessee on track for 2026 startup

URLhttps://www.timesfreepress.com/news/2023/may/06/te
SourceChattanooga Times Free Press
Date Published05/06/2023
Author NameMike Pare

Additional Reshoring Information:

Company/Division name Piedmont Lithium Ltd.
Parent companyPiedmont Lithium
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):120
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):600
Country(ies) from which reshored:Australia
City reshored to:Etowah
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium hydroxide (for EVs)
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market, Skilled workforce availability/training, U.S. Department of Energy grant
Government Incentive dollar amount:$141.7mil
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