Governor Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and ATC Drivetrain officials announced today the company has selected Knoxville as the location for its newest manufacturing facility.
ATC Drivetrain, a global independent remanufacturer of automotive powertrain and drivetrain systems, will invest $8.3 million and create 218 new manufacturing jobs in Knox County over the next five years. This is the latest of several new investments ATC Drivetrain has made recently, including the implementation of new technologies and capabilities in the global battery and electric vehicle powertrain market and an increased presence in the commercial vehicle market.
"ATC Drivetrain offers original equipment manufacturers (OEMs) a local solution by utilizing a combination of progressive engineering and state-of-the-art equipment to produce like new transmissions and engines," officials said.
The site is scheduled to begin production in April 2022 and will support the company’s growing remanufacturing and battery life cycle management businesses.
Founded in 1938 and headquartered in Farmington Hills, Mi., ATC Drivetrain supplies remanufacturing products and services to various international blue-chip automakers. In addition to operations in Europe and Asia, the Knoxville facility will be ATC Drivetrain’s third manufacturing facility in the U.S. ATC Drivetrain currently operates two manufacturing facilities and a distribution center in Oklahoma City, Ok.
“Tennessee has become a national hub for the automotive industry with our highly skilled workforce, thriving economy and strong business climate. I thank ATC Drivetrain for their decision to invest in Knoxville and welcome them to Tennessee,” said Governor Lee.
“With more than 920 automotive businesses across the state, Tennessee is a driving force in the southern automotive corridor. We appreciate ATC Drivetrain’s decision to invest and locate in Knoxville and thank Knox County Mayor Glenn Jacobs and the Knoxville Chamber of Commerce for their partnership in recruiting this company to Tennessee,” said TNECD Comm. Rolfe.
"Our customers are the focus of all we do at ATC Drivetrain. This expansion is driven by increased demand from our customers, and the Knox County location is particularly well suited for our future plans as Tennessee, and the broader region, are home to a rapidly developing electrification ecosystem. We greatly appreciate the State of Tennessee’s support with this expansion,” said Greg Heald, president & CEO, ATC Drivetrain.
“TVA and Knoxville Utilities Board congratulate ATC Drivetrain on its decision to locate operations in Knox County. Helping to attract and retain jobs and investment in the region is fundamental to TVA’s mission of service. We are proud to partner with the Knoxville Chamber, East Tennessee Economic Development Agency and the Tennessee Department of Economic and Community Development to further that mission and support ATC Drivetrain’s future business success in the Valley,” said John Bradley, TVA senior vice president of Economic Development.