SK innovation Plans Second Electric Battery Plant in Jackson County, Georgia

URLhttps://www.areadevelopment.com/newsItems/5-6-2020
SourceArea Development
Date Published05/06/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SK Innovation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2000
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):167,000
Country(ies) from which reshored:Korea, Republic of
City reshored to:Jackson County
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredlithium-ion batteries for EVs
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Proximity to customers/market
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