Honda, LG to Bring 2,200 Jobs to Ohio with EV Battery Factory

URLhttps://www.thomasnet.com/insights/honda-lg-to-bri
SourceThomasNet
Date Published10/24/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2200
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):3500
Country(ies) from which reshored:Japan
City reshored to:Jefferson
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshored lithium-ion battery modules
What domestic positive factors made reshoring more attractive?Government Incentives
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