Company/Division name | Hyundai Motor Co |
Parent company | Hyundai Motor Company |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 8100 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 5500 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Savannah |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Transportation Equipment |
Product(s) reshored | battery electric vehicle |
What domestic positive factors made reshoring more attractive? | Automation/technology, Government Incentives |
Government Incentive dollar amount: | $ 1.8 billion |