Auto Giants Race to Build U.S. EV Battery Assembly Plants

URLhttps://www.areadevelopment.com/Automotive/q1-2022
SourceArea Development
Date Published03/15/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ford Motor Co.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):6000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2030
Domestically, the work will be done:In-house
Capital investment ($):5800
City reshored to:Glendale
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEVs and EV batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Lean/other business process improvement techniques, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity, partnership with SK Innovation
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