Company/Division name | Toyota |
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 |
Capital investment ($): | 2500 |
Country(ies) from which reshored: | Japan |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV batteries |
What domestic positive factors made reshoring more attractive? | Government Incentives, Zero Emissions in CA by 2035 |
Government Incentive dollar amount: | Inflation Reduction Act |