US-Built Toyota EVs To Use LG Batteries Made In Michigan

SourceInside EVs
Date Published10/05/2023
Author NameIulian Dnistran

Additional Reshoring Information:

Company/Division name LG Energy Solution
Parent companyLG Chem
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):3000
Country(ies) from which reshored:Korea, South
City reshored to:Holland
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion modules
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, IRA
Find Reshoring Articles