Virginia legislators approve incentive for Lynchburg Lithium-ion manufacturing plant

URLhttps://www.wsls.com/news/local/2024/04/23/virgini
Sourcewsls.com
Date Published04/23/2024
Author NameThomas Mundy

Additional Reshoring Information:

Company/Division name Applied Materials, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Country(ies) from which reshored:China
City reshored to:Lynchburg
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium ion batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
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