BMW Battery Supplier Invests $810 Million in South Carolina Plant

URLhttps://www.bloomberg.com/news/articles/2022-12-06
SourceBloomberg
Date Published12/06/2022
Author NameGabrielle Coppola
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Envision AESC
Parent companyEnvision AESC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):170
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):810
Country(ies) from which reshored:Japan
City reshored to:Florence
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Skilled workforce availability/training
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