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

SourceChattanooga Times Free Press
Date Published05/06/2023
Author NameMike Pare

Additional Reshoring Information:

Company/Division name NOVONIX
Parent companyNOVONIX
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) reshoredsynthetic 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
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