Volvo Cars to double U.S. footprint, as it aims to go all electric by 2030

URLhttps://finance.yahoo.com/news/volvo-cars-to-doubl
SourceYahoo Finance
Date Published03/02/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredelectric vehicles
What domestic positive factors made reshoring more attractive?Government Incentives, demand
Find Reshoring Articles