Company/Division name | GM and POSCO - nearshoring |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Capital investment ($): | 400 |
State(s) reshored to: | Canada |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | nickel-rich cathode materials for ev batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability , Other, Ukraine russia war |
What domestic positive factors made reshoring more attractive? | Proximity to customers/market |