$1B investment will expand EV battery production in Louisiana, create 300 jobs

SourceDaily Advertiser
Date Published10/25/2022
Author NameGreg Hilburn
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Syrah Technologies
Parent companySyrah Technologies
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):221
Year reshoring announced:2022
Capital investment ($):220
City reshored to:Vidalia
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion battery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, 2021 Infrastructure Act
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