Exclusive: Hyundai plans U.S. EV plant, in talks with Georgia

URLhttps://www.reuters.com/business/autos-transportat
Sourcehttps://www.reuters.com
Date Published05/09/2022
Author NameHeekyong Yang and Ben Klayman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Co
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric-vehicle
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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