Company/Division name | Lyten |
Parent company | Lyten |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 410 |
City reshored to: | San Jose |
State(s) reshored to: | CA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lithium-sulfur batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Geopolitical Risk, Government Incentives, Govt. Policy and subsidies, Higher productivity, Image/brand, Impact on domestic economy, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, DoE grant and IRA |
Government Incentive dollar amount: | $4mil Grant |