2024 Deal of the Year Awards — an annual recognition of economic development projects demonstrating innovation and impact.

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EV manufacturing

Schaeffler Plans New EV Manufacturing Facility In Dover, Ohio

The Germany-based company's $230M investment in facilities at Dover and Wooster will create a total of 650 EV industry jobs in Ohio by 2032

Vietnamese Electric-Vehicle Manufacturer Enters MOU With India

VinFast, a Vietnamese electric-vehicle manufacturer, has partnered with the Indian state of Tamil Nadu to establish an EV facility in country.

Bobaek America Invests $35M In Windsor, Ontario

Bobaek America, a Korean electric-vehicle parts manufacturer, invests $35 million in Windsor, Ontario, to construct a manufacturing facility.

The EV Industry: Charging Ahead

As electric vehicles gain sales momentum, here's a look at some of the regions that are attracting manufacturers in the EV industry.

EV-Battery Factory To Invest $2B In Kankakee County, IL

Gotioan, a Chinese-based manufacturer, will invest $2 billion in Illinois, bringing 2,600 jobs to Kankakee County.

VinFast Kicks Off $4B EV Complex In North Carolina

Vietnam’s largest FDI project ever in the U.S., the Chatham County electric vehicle and batteries manufacturing complex will be VinFast’s first North American EV manufacturing facility.

Mitsui High-tec To Invest $77M In Ontario EV Manufacturing

A $2.3 million Invest Ontario grant to Mitsui High-tec (Canada) will help further Ontario’s leadership in electric vehicle manufacturing.

2022 Deal Of The Year: Bronze Award

The 2022 Bronze Deal of the Year award goes to the Savannah Harbor-Interstate 16 Joint Development Authority for bringing Hyundai Motor Group’s $5 billion EV and battery manufacturing plant to Georgia.
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