Company/Division name | LG Energy Solution |
Parent company | LG Energy Solution |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1200 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2025 |
Capital investment ($): | 1700 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Lansing |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | lithium-ion polymer battery cells and packs |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | 189 |