Foxconn to buy Ohio plant to make electric vehicles, future for Wisconsin facility uncertain

Date Published09/30/2021
Author NameJackson Danbeck
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Foxconn Technology Group
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):230
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Lordstown
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicles, EVs
What domestic positive factors made reshoring more attractive?Infrastructure, Lead time/Time to market, Under-utilized capacity
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