Volvo Electric Trucks Funding Soars: $208 Million Boost for Zero-Emission Manufacturing

URLhttps://tanktransport.com/2024/09/volvo-electric-t
SourceTank Transport
Date Published09/13/2024

Additional Reshoring Information:

Company/Division name Volvo
Parent companyVolvo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):295
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Sweden
City reshored to:Macungie
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredMotor Vehicles
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:208
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