VW Plans to Build Battery Plant in US, CEO Says

URLhttps://www.bloomberg.com/news/videos/2022-07-07/v
SourceBloomberg
Date Published07/07/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volkswagen
Parent companyVolkswagen
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):5000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Germany
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredElectric Car Batteries
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Proximity to customers/market
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