URL | https://www.just-auto.com/news/hyundai-to-announce |
Source | Just Auto |
Date Published | 04/24/2023 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Hyundai Motor Group |
Parent company | Hyundai Motor Company |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
City reshored to: | Savannah |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicle |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | tax credits worth up to US$7,500 |