Toyota to Build $1.2 Billion Battery Plant in US, Expand Electric Offerings

URLhttps://www.industryweek.com/leadership/article/21
SourceIndustry Week
Date Published10/18/2021
Author NameRyan Secard
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota Tsusho America Inc.
Parent companyToyota Motor North America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1750
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2030
Domestically, the work will be done:In-house
Capital investment ($):1200
Country(ies) from which reshored:Japan
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbatteries for hybrid and EV cars
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Skilled workforce availability/training
Find Reshoring Articles