Company/Division name | American Battery Solutions |
Parent company | American Battery Solutions |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 460 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2026 |
City reshored to: | Springsboro OH and Lake Orion Michagan |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV Batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, DOE Loan and IRA |
Government Incentive dollar amount: | DOE Loan; $165.9mil |