Hyundai Might Speed Up Its US Manufacturing Plans

URLhttps://www.autoguide.com/auto-news/2022/08/hyunda
SourceAuto Guide
Date Published08/23/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
$/year of sales of reshored product or service:5500
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEVs
What domestic positive factors made reshoring more attractive?, Inflation Reduction Act
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