Electric vehicle manufacturing company selects Buda as first American location

URLhttps://www.kxan.com/news/electric-vehicle-manufac
Sourcekxan.com
Date Published09/03/2024

Additional Reshoring Information:

Company/Division name Futronic USA Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):28
Country(ies) from which reshored:Korea, South
City reshored to:Buda
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV components
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
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