Ford announces joint venture with SK Innovation to manufacture EV battery cells in U.S.

URLhttps://www.cnbc.com/2021/05/20/ford-announces-joi
SourceCNBC
Date Published05/20/2021
Author Name Michael Wayland
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BlueOvalSK
Parent companyFord Motor Company
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
City reshored to:Detroit
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery cells, battery cells for electric vehicles
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Other, Biden, import replacement
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