Microvast To Invest $220M In Tennessee Manufacturing Facility

Date Published02/10/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Microvast, Inc.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Total number of jobs (added or to be added):287
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Capital investment ($):220
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV battery cells, battery modules, packs
What domestic positive factors made reshoring more attractive?Infrastructure, Skilled workforce availability/training, Under-utilized capacity
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