Company/Division name | Toyota and panasonic and Prime Planet |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 2300 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2025 |
Capital investment ($): | 1290 |
Country(ies) from which reshored: | Japan |
City reshored to: | Grensboro |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market |
Government Incentive dollar amount: | 135m up to 3b |