Company/Division name | Kia |
Parent company | Hyundai Motor Company |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2024 |
Country(ies) from which reshored: | Korea, Republic of |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV9 all electric SUV, Kia vehicle |
What non-domestic negative factors made offshoring less attractive? | Freight cost |
What domestic positive factors made reshoring more attractive? | Automation/technology, Lead time/Time to market, Under-utilized capacity |