HMG to turn out all green models of Hyundai, Kia, Genesis from new EV plant in Georgia

SourcePulse News
Date Published09/26/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):5540
Country(ies) from which reshored:Korea, Republic of
City reshored to:Bryan Country
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEVs
What domestic positive factors made reshoring more attractive?Government Incentives, IRA
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