Kia Moving Some EV Production To The U.S.

SourceTorque News
Date Published12/10/2022
Author NameJustin Hart
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kia
Parent companyHyundai Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV9 all electric SUV, Kia vehicle
What non-domestic negative factors made offshoring less attractive?Freight cost
What domestic positive factors made reshoring more attractive?Automation/technology, Lead time/Time to market, Under-utilized capacity
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