$5.8 billion battery manufacturing center is taking shape in Western Kentucky

SourceLexington Herald Leader
Date Published12/05/2022
Author NameKarla Ward
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SK On
Parent companySK Innovations Co., Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):5000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):5800
Country(ies) from which reshored:Korea, Republic of
City reshored to:Glendale
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$300 million in incentives
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