Company/Division name | Gotion |
Parent company | Gotion |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 2600 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 2000 |
Country(ies) from which reshored: | China |
City reshored to: | Chicago |
State(s) reshored to: | IL |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lithium-ion battery |
What domestic positive factors made reshoring more attractive? | Government Incentives, $125 million for capital funds |
Government Incentive dollar amount: | $213 M in tax credits to company over the next 30y |