Toyota Reveals $50 Million Facility To Build EV Batteries In The US

URLhttps://carbuzz.com/news/toyota-reveals-50-million
SourceCarBuzz
Date Published06/10/2023
Author NameJACOB OLIVA

Additional Reshoring Information:

Company/Division name Toyota
Parent companyToyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):50
Country(ies) from which reshored:Japan
City reshored to:York Township
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredEV Batteries
What non-domestic negative factors made offshoring less attractive?Quality/rework/warranty
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Infrastructure, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, IRA
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