Saudi Sovereign Fund Invests $1B in US Electric Car Firm

Date Published09/17/2018
Author NameJohn Gambrell
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lucid Motors
Parent companyLucid Motors
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Capital investment ($):1000
Country(ies) from which reshored:Saudi Arabia
City reshored to:Case Grande
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric car
What domestic positive factors made reshoring more attractive?Eco-system synergies, Skilled workforce availability/training, Under-utilized capacity
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