Company/Division name | BlueOvalSK |
Parent company | Ford with SK On Co. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 7500 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2026 |
Capital investment ($): | 11400 |
City reshored to: | Both states of Kentucky and Tennessee |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Lead time/Time to market, Lean/other business process improvement techniques, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, IRA |
Government Incentive dollar amount: | 9.2 bil non-IRA loan from gov. for futuristic tech |