Hyundai Supplier Plans $76M Georgia Plant

SourceIEN Industrial Equipment
Date Published02/02/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Seoyon E-Hwa Co., Ltd.
Parent companySeoyon E-Hwa Co., Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):5500
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredelectric vehicles and batteries
What domestic positive factors made reshoring more attractive?Automation/technology
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