Hyundai to produce 2022 Tucson in Montgomery, shifting production of top-seller from South Korea

URLhttps://yellowhammernews.com/hyundai-to-produce-20
SourceYellow Hammer News
Date Published11/01/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Motor America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Korea, Republic of
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshored2022 Tucson
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market
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