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Twin Vee’s Forza X1 to Build Electric Boat Plant in N.C.


Twin Vee PowerCats Co. said its Forza X1 subsidiary will develop an electric-boat manufacturing plant in Nort Carolina’s McDowell County.

Forza X1 will receive an incentive package from the North Carolina Department of Commerce, Twin Vee said in a statement. The incentive package is to be finalized in the next 30 days and will include a community economic development grant.

Forza X1 plans to invest $10.5 million in the facility and equipment by the end of 2025. The company anticipates creating 170 jobs at an agreed-to minimum average salary of $51,047, the statement said.

The state grant is potentially $1.37 million. The company will partner with the North Carolina community college system for a job-training program. McDowell County offered infrastructure support.



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