As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate

URLhttps://www.reuters.com/business/autos-transportat
SourceReuters
Date Published06/23/2023
Author NamePaul Lienert

Additional Reshoring Information:

Company/Division name FREYR Battery
Parent companyFREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Capital investment ($):1700
Country(ies) from which reshored:Norway
City reshored to:Atlanta
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV Batteries
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, IRA
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