Company/Division name | LG Energy Solution |
Parent company | LG Chem |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2023 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 4500 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Holland |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | EV batteries, pouch cells, cylindrical cells |
What domestic positive factors made reshoring more attractive? | Skilled workforce availability/training, Under-utilized capacity |