GM, LG Announce New $2.3 Billion Tennessee EV Battery Plant

URLhttps://www.industryweek.com/leadership/growth-str
SourceIndustry Week
Date Published04/16/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ultium Cells, LLC
Parent companyGeneral Motors Company
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):650
Year reshoring announced:2021
Capital investment ($):2300
City reshored to:Spring Hill
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectric vehicle batteries
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Infrastructure, Other, import replacement
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