Mississippi Approves $1.9 Billion Electric Battery Plant for Industrial Vehicles

Deal is the second-largest capital investment in the state’s history and will create 2,000 jobs

Tate Reeves speaks to supporters during an election night watch party at The Refuge Hotel & Conference Center, on November 07, 2023 in Flowood, Mississippi. Photo by Brandon Bell/Getty Images

Mississippi lawmakers have approved a $482 million incentive package, attracting three companies to invest $1.9 billion in building a battery plant for industrial electric trucks in the state’s northern region.

It is the second-largest capital investment in the state’s history, following approval of a $2.5 billion aluminum mill in November 2022.