Company/Division name | Hyundai Motor Co |
Parent company | Hyundai Motor Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2022 |
Domestically, the work will be done: | Both |
Capital investment ($): | 3700 |
Country(ies) from which reshored: | Korea, Republic of |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicles, NEXO hydrogen SUVs, EVs |
What domestic positive factors made reshoring more attractive? | Government Incentives, Under-utilized capacity, Other, Biden |