John Deere Electric Powertrain to Invest $69 Million for its North American Headquarters and New Battery Production Operations in Kernersville

URLhttps://www.commerce.nc.gov/news/press-releases/20
SourceNorth Carolina Department of Commerce
Date Published08/14/2023

Additional Reshoring Information:

Company/Division name John Deere Electric Powertrain LLC
Parent companyDeere & Company
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):50
Year reshoring announced:2023
Capital investment ($):70
City reshored to:Kernersville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery packs and chargers
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, IRA. And One North Carolina Fund Grant Incentive
Government Incentive dollar amount:100,000
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