General Motors Will Build A US Battery Factory With Samsung SDI

Date Published03/06/2023
Author NameSteve Hanley
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name General Motors Company
Parent companyGeneral Motors Company
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2326
Capital investment ($):3500
Country(ies) from which reshored:Korea, South
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV Batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Inflation Reduction Act
Government Incentive dollar amount:unknown
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