Fisker Soars as EV Deal With Foxconn to Include U.S. Factory

Date Published05/14/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Foxconn Technology Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:Both
Capital investment ($):500
Country(ies) from which reshored:China,Taiwan, Province of China
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric vehicles, EVs
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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