By early summer 2023, Coulomb Solutions Inc. is expected to choose Arizona, Nevada or Texas to house the battery plant.

Automakers and EV battery makers alike are increasingly rushing to make investments in North America in order to receive tax credits provided by Biden’s landmark climate change bill.

Volkswagen will be investing $5.1 billion in the plant while the Canadian government will provide an additional $9.7 billion in the form of a tax credit.

The International Finance Corporation and the Cambodian government will extend an offer to a select qualified private developer that will finance, develop and operate the complex.

Kearney’s “10th Annual Reshoring Index Report” showed 96% of CEOs are considering reshoring operations, have decided to reshore operations, or have already reshored operations in 2023.

Bipartisan Infrastructure Law’s Charging and Fueling Infrastructure program will provide $2.5 billion over five years.

The sorting centers are designed to further Target’s strategy of using its stores to handle online orders as it vies with Amazon.com Inc. and Walmart Inc. for sales.

Fabric, which operates small, automated distribution centers in densely-populated areas, is cutting its workforce and shifting its business strategy as grocers and retailers look instead to add automated operations inside stores.

MWPVL International Inc., which tracks Amazon’s real-estate footprint, estimates the company has either shuttered or killed plans to open 42 facilities totaling almost 25 million square feet of usable space.