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 American Autoparts
Parent companyHyundai Mobis
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):32.6
Country(ies) from which reshored:Korea, South
City reshored to:Toledo
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredassembly of plug-in hybrid electric vehicle (PHEV)
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$32.6 million
Find Reshoring Articles