iPhone maker Foxconn enters U.S. electric vehicle manufacturing industry

URLhttps://www.axios.com/2022/05/19/foxconn-ev-electr
SourceAxios
Date Published05/19/2022
Author NameNathan Bomey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Foxconn
Parent companyHon Hai Technology Group
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:Taiwan, Province of China
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicle
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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