Chinese battery additive manufacturer will invest $94.7M in new New Century headquarters

SourceThe Business Journals
Date Published08/02/2023
Author NameThomas Friestad

Additional Reshoring Information:

Company/Division name Cnano Technology USA Inc.
Parent companyJiangsu Cnano Technology Co. Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):112
Year reshoring announced:2023
Capital investment ($):94.7
Country(ies) from which reshored:China
City reshored to:Kansas City
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredbattery additive, electric-vehicle components
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Skilled workforce availability/training, 10-year property tax abatement averaging 72%
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