Lyten to build $1B lithium-sulfur battery factory in Nevada

URLhttps://www.manufacturingdive.com/news/lyten-openi
Sourcemanufacturingdive.com
Date Published10/15/2024

Additional Reshoring Information:

Company/Division name Lyten
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1000
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Capital investment ($):1000
City reshored to:Reno
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-sulfur batteries
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, Skilled workforce availability/training
Government Incentive dollar amount:$4 million from D0E, $1.5 billion IRA tax credit
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