GM and POSCO Chemicals Building New Battery Parts Plant in Quebec

SourceIndustry Week
Date Published03/10/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshorednickel-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
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