FREYR Battery Announces Plans for U.S. Gigafactory in Georgia

SourceYahoo Finance
Date Published11/11/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FREYR Battery
Parent companyFREYR Battery
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):720
Year reshoring announced:2022
Capital investment ($):2600
Country(ies) from which reshored:Luxembourg
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredSemiSolid Lithium-Ion Battery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Lead time/Time to market, Skilled workforce availability/training
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