URL | https://finance.yahoo.com/news/volvo-cars-to-doubl |
Source | Yahoo Finance |
Date Published | 03/02/2021 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Volvo Group North America |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2021 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | China |
City reshored to: | Ridgeville |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicles |
What domestic positive factors made reshoring more attractive? | Government Incentives, demand |