Redwood Materials breaks ground on new battery factory

URLhttps://www.electrive.com/2024/01/29/redwood-mater
Sourceelectrive
Date Published01/29/2024
Author NameNora Manthey

Additional Reshoring Information:

Company/Division name Redwood Materials
Parent companyRedwood Materials
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1500
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):3500
City reshored to:Berkeley County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredcathode and anode components
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training
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