Company/Division name | Ultium Cells, LLC |
Parent company | LG Energy Solution. Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 650 |
Year reshoring announced: | 2021 |
Capital investment ($): | 2300 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Spring Hill |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | electric vehicle batteries |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability |