Terrafugia to create new US-based jobs

URLhttps://www.compositesworld.com/news/terrafugia-to
SourceComposites World
Date Published04/16/2018
Author NameScott Francis
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Terrafugia
Parent companyZhejiang 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) reshoredflying car
What domestic positive factors made reshoring more attractive?Higher productivity, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity
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