Li Industries, Inc. Selected for $55 Million Award as Part of Department of Energy Bipartisan Infrastructure Law (BIL) Effort to Advance Closed-Loop Lithium Iron Phosphate Recycling and Manufacturing

URLhttps://www.prnewswire.com/news-releases/li-indust
SourcePR Newswire
Date Published09/23/2024

Additional Reshoring Information:

Company/Division name Li Industries, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):55
City reshored to:Pineville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion battery (LIB) recycling
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$55 million grant from DoE
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