Battery Startup Opens Chicago Plant as US Seeks to Curb Reliance on China

URLhttps://www.bloomberg.com/news/articles/2023-12-01
SourceBloomberg
Date Published12/01/2023
Author NameMichael Hirtzer

Additional Reshoring Information:

Company/Division name NanoGraf Technologies
Parent companyNanoGraf Technologies
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):35
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):10
City reshored to:Chicago
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredSilicon oxide key component for battery
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$10 million in funding from the US government
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