StoreDot Raising $400 Million for U.S. Factory, Says CEO

SourceCalcalist Tech
Date Published05/18/2018
Author NameMeir Orbach
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name StoreDot Ltd
Parent companyStoreDot Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Capital investment ($):158
Country(ies) from which reshored:Israel
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredbattery for electric cars
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Image/brand, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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