Honda, LG Energy Plan $4.4 Billion EV Battery Factory in U.S.

SourceWall Street Journal
Date Published08/29/2022
Author NameRiver Davis
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):4400
Country(ies) from which reshored:Japan
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Under-utilized capacity, Biden
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