Battery materials plant key to American 'manufacturing renaissance' in competition with China for electric vehicle market, US energy secretary says

Date Published08/08/2023
Author NameMark Maxwell

Additional Reshoring Information:

Company/Division name ICL Group
Parent companyICL
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):400
Country(ies) from which reshored:Israel
City reshored to:St. Louis
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectric vehicle battery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Skilled workforce availability/training, federal government's $197 million investment
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