Tag: Automotive
DOE Offers $2.5B Loan To Build EV Battery Cell Manufacturing Plants
To be built by Ultium Cells LLC in Ohio, Tennessee, Michigan, the three new lithium-ion (Li-ion) battery cell manufacturing facilities are expected to create 5,100 jobs at full capacity.
Panasonic Energy Picks Kansas For $4B EV Battery Megaproject
New Panasonic Energy electric vehicle (EV) battery facility will create up to 4,000 jobs in the Kansas City Region, and is the largest economic development project in state history.
North Carolina Tops Best Business Climate List
The Tar Heel State is the leader for Best Business Climate in Business Facilities’ 2022 State Rankings Report.
Governor’s Report: Growth In Georgia Pushes Forward
Infrastructure and workforce are among the advantages driving Georgia’s business climate.
Volvo To Build $1.25B Electric Vehicle Plant In Slovakia
Volvo's third European plant will be located in Kosice. The company will receive about 20% of the investment needed for the project as support from the Slovak government.
Strategic Sustainability
Among the growing green markets across the U.S. and Canada, recycling operations, electric vehicles, and supporting technology are making inroads.
FLO Investing $3M In New Michigan EV Charger Plant
With its first U.S. manufacturing facility, Canadian electric vehicle charging network operator FLO will create 133 jobs in Auburn Hills, MI.
Ford To Create 6,200 New Jobs In Michigan, Ohio, Missouri
Ford's $3.7B Midwest investment across Michigan, Ohio and Missouri will support production of 2 million EVs a year by end of 2026, strengthen portfolio of gas-powered vehicles.
Stellantis, Samsung SDI Team Up To Build $2.5B Lithium-Ion Battery Plant
Stellantis Samsung SDI joint venture to build electric vehicle battery plant in Kokomo, IN is targeted to start in 2025 and create 1,400 new jobs.
Hyundai Will Build First Fully-Dedicated EV Plant In Georgia
Hyundai Motor Group will invest more than $5.5B in the electric vehicle and battery manufacturing facility, which will be built at the Bryan County Megasite.
Shinhwa To Invest $78M In Alabama Expansion
The South Korea-based auto parts supplier will create 42 jobs with its second facility in the Auburn Technology Park West.
The Automotive Industry: Driven To Success
Since the 2003 opening of Nissan’s assembly plant in Canton, Mississippi has been a key player in the automotive industry.
SEMCORP Will Create 1,200 New Jobs In Ohio
SEMCORP Advanced Materials Group will invest $916 million to build a lithium-ion battery component manufacturing facility in Sidney, OH.
Stellantis Picks Ontario, Canada For Major Electric Vehicle Investments
Stellantis will retool and modernize plants, build two new electric vehicle and EV battery technology R&D centers in Windsor and Brampton.
Summit Polymers Will Invest $37.5M In Kentucky
Tier-one automotive supplier Summit Polymers will locate its third Kentucky facility in Anderson County, and create 218 new jobs.
Toyota Investing $383M In EV Growth Across Four States
Engine, casting investment across Alabama, Kentucky, Missouri and Tennessee will further Toyota’s vehicle electrification efforts.
Hyundai Will Add First EVs To Alabama Production Lineup
With a $300 million investment, Hyundai Motor Manufacturing Alabama (HMMA) will begin building electric vehicles and create 200 jobs at its Montgomery plant.
VinFast Picks North Carolina For $2B Electric Vehicle Assembly Plant
Vietnamese auto maker VinFast will create 7,500 jobs at its first North American electric vehicle and battery manufacturing plant in Chatham County, NC.
Canada Lands Its First Large Scale Lithium-Ion Battery Production Plant
In a joint venture, Stellantis and LG Energy Solution will invest $4.1B in Canada's first large scale, domestic, electric vehicle battery manufacturing facility in Windsor, Ontario.
LG Energy Solution Will Invest $1.7B In Michigan Expansion
LGES will expand its Holland, MI plant to produce components for electric vehicle batteries, resulting in the creation of 1,200 new jobs.
Business Facilities Economic Development Organization Awards
Business Facilities' 1st Annual EDO Awards recognize innovative or impactful programs and initiatives aimed at improving the communities they serve.
Business Facilities Names Inaugural Class of 2023: EDO Awards
The Economic Development Organization Awards highlight nascent and established programs and incentives making an impact on community growth.
[VIDEO] Las Colinas, Irving, Texas: A City Built For Business
Centrally located in the thriving Dallas-Fort Worth Metroplex, Irving-Las Colinas is recognized as the “Headquarters of Headquarters,” with more Fortune 1000 global headquarters per capita than any other city in Texas.