Stellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory

URLhttps://www.stellantis.com/en/news/press-releases/
SourceStellantis
Date Published10/11/2023

Additional Reshoring Information:

Company/Division name Stellantis with Samsung SDI
Parent companyStellantis with Samsung SDI
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1400
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2027
Capital investment ($):3200
Country(ies) from which reshored:Korea, South,Netherlands
City reshored to:Kokomo
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV Batteries
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, IRA
Find Reshoring Articles