STELLANTIS, SAMSUNG SDI DOUBLE DOWN WITH ANOTHER $3.2B INVESTMENT

URLhttps://buildingindiana.com/stellantis-samsung-sdi
Sourcebuildingindiana.com
Date Published11/18/2023

Additional Reshoring Information:

Company/Division name Stellantis with Samsung SDI
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1400
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Capital investment ($):3200
Country(ies) from which reshored:Korea, South,Netherlands
City reshored to:Kokomo
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$176.5 million
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