Company/Division name | NOVONIX |
Parent company | NOVONIX |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1300 |
Year reshoring announced: | 2023 |
Capital investment ($): | 160 |
Country(ies) from which reshored: | Australia |
City reshored to: | Chattanooga |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | synthetic graphite |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Under-utilized capacity, Department of Energy funding |
Government Incentive dollar amount: | $150mil |