Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

URLhttps://www.greencarcongress.com/2023/01/20230116-
SourceGreen Car Congress
Date Published01/16/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hanwha Group
Parent companyHanwha Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Country(ies) from which reshored:Korea, Republic of
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshored battery
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?Eco-system synergies, Lead time/Time to market
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