Company/Division name | Hyundai Motor Group |
Parent company | Hyundai Motor Company |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Capital investment ($): | 5.2 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Montgomery |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicle |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives |
Government Incentive dollar amount: | Tax credits worth up to US$7,500 |