Company/Division name | Shinhwa U.S. Auto Corp. |
Parent company | Shinhwa Group |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 50 |
Year reshoring announced: | 2023 |
Capital investment ($): | 114 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Auburn |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | aluminum EV car components |
What domestic positive factors made reshoring more attractive? | Proximity to customers/market |