British tire startup ENSO plans to invest $500 million in U.S. factory

British tire startup ENSO announced plans to invest $500 million to build a new factory in the United States. The factory is expected to produce 20 million electric vehicle tires per year. ENSO said that by 2027, the factory will employ 600 people and produce 5 million tires per year. Potential sites for the factory include Colorado, Nevada, Texas and Georgia. ENSO aims to recycle all tires it produces in the United States.