EV Car Component Manufacturer Secures $362M Federal Loan for Georgetown Factory

EV Car Component Manufacturer Secures $362M Federal Loan for Georgetown Factory

Installing wiring in electric vehicles (EVs) is no easy feat. What appears to be miles of wire must be routed in an organized, safe and effective manner. Recently, a Silicon Valley company received a $362 million loan from a federal program to finance construction of its US manufacturing plant. CelLink will use the money to build a 295,000 square foot factory in Georgetown that produces flexible circuit wiring harnesses for the EV market. The company anticipates making enough product annually to supply 2.7 million EVs and estimates it will need 2,000 workers at the plant when complete.

The factory joins many others attempting to capitalize on Tesla’s nearby gigafactory located near Taylor while chip maker Samsung is building its own $17 billion facility nearby as well

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