Governor Lee, Commissioner Rolfe Announce Tritium to Establish US Manufacturing Operations in Wilson County
· A global leader in the EV charging industry to locate U.S. manufacturing base in Lebanon
· Project represents the creation of more than 500 new jobs
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Tritium officials announced today the company will establish its U.S. manufacturing base in Tennessee.
Tritium DCFC Limited (Tritium), a global leader in the electric vehicle (EV) charging industry, currently expects to create more than 500 new jobs over the next five years in Lebanon, more than doubling its existing workforce across operations in Australia, Europe, Asia and the U.S.
Located at 1420 Toshiba Drive, Tritium’s Tennessee site will serve as the company’s sole U.S. facility for manufacturing modular direct current (DC) fast chargers, including the company’s award-winning RTM and new PKM150 models. The facility is expected to house up to six production lines, which will produce 10,000 DC fast charger units per year, with the potential to increase production to approximately 30,000 per year at peak capacity.
Production at Tritium’s Lebanon facility is targeted to begin in the third quarter of 2022 and will help the company expand its global impact to surpass the more than 3.6 million high-power charging sessions across the 41 countries where it currently has a presence.
Founded in Australia in 2001, Tritium designs and manufactures proprietary technology to create the world’s most advanced and reliable DC fast chargers for electric vehicles. Today, the company has more than 450 employees across its operations in Australia, Europe, Asia and the U.S.
In the last five years, TNECD has supported more than 15 economic development projects in Wilson County resulting in approximately 5,000 job commitments and $1 billion in capital investment.
“I welcome Tritium to Tennessee and thank the company for its commitment to create more than 500 new jobs in Wilson County. Our state’s highly-skilled workforce and position as a leader in the EV industry continue to attract companies like Tritium to Tennessee.” – Gov. Bill Lee
“Tennessee is at the forefront of the electric vehicle evolution, and we are proud to have another global company join the roster of companies that support this thriving industry in our state. We appreciate Tritium’s investment in Lebanon and know that this accomplishment would not be possible without the strong leadership at the state and local community level.” – TNECD Commissioner Bob Rolfe
“Tritium’s investment in a U.S.-based, cutting-edge facility for manufacturing is part of our strong push toward global growth in support of the e-mobility industry. We are thrilled to work with the U.S. Federal government and the State of Tennessee on this initiative. With the help of the hard-working residents of Tennessee, we expect to double or even triple our charger production capacity to further our product distribution throughout the United States.” – Jane Hunter, CEO, Tritium
“TVA and Middle Tennessee Electric congratulate Tritium on its decision to establish operations in Wilson County. Helping to attract new jobs and investment to the region is fundamental to TVA’s mission of service. We are proud to partner with the Joint Economic and Community Development Board of Wilson County and the Tennessee Department of Economic and Community Development to help further that mission and support Tritium’s future business success.” – John Bradley, TVA senior vice president of Economic Development
“Tennessee’s headquarters, finance and tech industry is seeing unprecedented growth. I thank Tritium for its commitment to Lebanon and look forward to this company’s success in our community.” – Sen. Mark Pody (R-Lebanon)
“Tritium joins a growing and diverse group of companies that have chosen to do business in Wilson County and across our state. This investment will not only bring more than 500 new jobs to our community, but it will further boost our already strong economy for years to come. I look forward to watching Tritium thrive here in Wilson County and I appreciate all of those who helped make this announcement possible.” – Rep. Clark Boyd (R-Lebanon)
Founded in 2001, Tritium (Nasdaq: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, visit tritiumcharging.com
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. Tritium’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “target,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Tritium’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. In particular, statements about peak production capacity are subject to risks including, but not limited to, supply chain shortages or disruptions, worker shortages and the ability of Tritium to maximize quality control and minimize inefficiencies in the production process. There is no guarantee Tritium will achieve peak production capacity. You should carefully consider the risks and uncertainties described in the documents filed by Tritium from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Tritium’s control and are difficult to predict. Tritium cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Tritium does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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