Battery maker wins $850M DOE loan to build first US factory

SourceCanary Media
Date Published06/09/2023
Author NameJeff St. John

Additional Reshoring Information:

Company/Division name KORE Power
Parent companyKORE Power
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1250
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:China
City reshored to:Buckeye
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredNMC and LFP battery cells
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Proximity to customers/market, Advanced Technology Vehicles Manu. (ATVM) Loan
Government Incentive dollar amount:850
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