tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Aptera Motors earns Foreign-Trade Zone designation

Aptera Motors (SEV) announced that its Carlsbad, California assembly facility received Foreign-Trade Zone, FTZ, designation. The FTZ program, administered by U.S. Customs and Border Protection, is designed to support U.S.-based assembly by allowing qualified companies to defer, reduce, or eliminate certain customs duties on imported materials used in domestic production. “The program is intended to enhance supply chain efficiency, improve global competitiveness, and streamline logistics operations for participating manufacturers,” the company said.

Claim 50% Off TipRanks Premium

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1