Hyundai EV parts supplier announces plans for $1.3B factory in U.S

SourceThe Atlanta Journal Constitution
Date Published10/06/2022
Author NameZachary Hansen
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Mobis America
Parent companyHyundai Mobis
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):8100
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):1300
Country(ies) from which reshored:Korea, Republic of
City reshored to:Savannah
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV car components
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:1800
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