Panasonic, Novonix sign synthetic graphite supply deal

URLhttps://www.supplychaindive.com/news/panasonic-nov
SourceSupply Chain Dive
Date Published02/13/2024
Author NameKate Magill

Additional Reshoring Information:

Company/Division name Novonix
Parent companyPanasonic Energy
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):100
Country(ies) from which reshored:Australia,Japan
City reshored to:Chatanooga
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredsynthetic graphite
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$100 DoE grant
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