Ford announces joint venture with SK Innovation to manufacture EV battery cells in U.S.

Date Published05/20/2021
Author Name Michael Wayland
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BlueOvalSK
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:Outsourced
Country(ies) from which reshored:Korea, Republic of
City reshored to:Detroit
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery cells, battery cells for electric vehicles
What domestic positive factors made reshoring more attractive?Under-utilized capacity, Other, Biden
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