Company/Division name | Terrafugia |
Parent company | Zhejiang Geely Holdings Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 50 |
Year reshoring announced: | 2018 |
Country(ies) from which reshored: | China |
City reshored to: | Woburn |
State(s) reshored to: | MA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | flying car |
What domestic positive factors made reshoring more attractive? | Higher productivity, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity |