Company/Division name | Hyundai Motor Manufacturing Alabama |
Parent company | Hyundai Motor Company |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 290 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Montgomery |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | sport utility vehicles |
What domestic positive factors made reshoring more attractive? | Higher productivity, Lead time/Time to market |