LG Energy Solution, GM to build $2.1 billion battery factory in U.S.

URLhttps://www.reuters.com/business/autos-transportat
Sourcehttps://www.reuters.com
Date Published01/25/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Energy Solution
Parent companyLG Energy Solution
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):2100
Country(ies) from which reshored:Korea, Republic of
City reshored to:Lansing
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredBattery
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