REE Automotive Will Open its U.S. Headquarters and First Integration Center in Austin, Texas, as it Prepares for Production in 2023

URLhttps://www.businesswire.com/news/home/20210723005
Sourcebusinesswire
Date Published07/23/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name REE Automotive Ltd.
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2021
Domestically, the work will be done:Both
Country(ies) from which reshored:Israel
City reshored to:Austin
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredmission-specific EVs, modular electric vehicles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Lead time/Time to market, Lean/other business process improvement techniques, Proximity to customers/market, Skilled workforce availability/training
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