Toyota Commits Multimillion-Dollar Investment to Further Expand Production of Electrified Vehicles

URLhttps://www.benzinga.com/pressreleases/22/02/n2556
Sourcehttps://www.benzinga.com/
Date Published02/11/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota
Parent companyToyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):73
Country(ies) from which reshored:Japan
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectrified Vehicles
What domestic positive factors made reshoring more attractive?Government Incentives
Find Reshoring Articles