Michigan approves $715 million incentives bundle for Chinese agency's EV battery plant

SourceNews NCR
Date Published10/05/2022
Author Name Bhagyashree Soni
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Gotion
Parent companyGotion
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):-566092
Year reshoring announced:2022
Capital investment ($):2400
Country(ies) from which reshored:China
City reshored to:Big Rapids
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV battery
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, SOAR funding, $125 million
Government Incentive dollar amount: incentives valued at $715 million
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