11 U.S. Factories Just Got $1.7B to Build Electrified Vehicles

URLhttps://www.hagerty.com/media/news/11-u-s-factorie
SourceHagerty.com
Date Published07/12/2024

Additional Reshoring Information:

Company/Division name Volvo Technology of America, LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):69.5
Country(ies) from which reshored:Sweden
City reshored to:Dublin
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV conversion of plant
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$69.5 million
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