BMW Invests $1.7 Billion to Expand South Carolina EV Plant

URLhttps://www.bloomberg.com/news/articles/2022-10-19
SourceBloomberg
Date Published10/19/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Envision AESC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:China,Germany
City reshored to:Spartanburg
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV lithium ion batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, zero emissions policy
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