Hyundai Begins EV Production in Alabama with Santa Fe Hybrid

Date Published04/22/2022
Author NameLaura Ross
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Manufacturing Alabama
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2022
Capital investment ($):300
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredvehicle, Santa Fe Hybrid
What domestic positive factors made reshoring more attractive?Automation/technology
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