Company/Division name | Novonix |
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 |
City reshored to: | Chatanooga |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products |
Product(s) reshored | graphite for batteries |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies |
Government Incentive dollar amount: | $203 million (DoE and MESC) |