Hyundai to announce US battery JVs with LG and SK

SourceJust Auto
Date Published04/24/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor Group
Parent companyHyundai 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) reshoredelectric vehicle
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:tax credits worth up to US$7,500
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