LyteHorse Labs' Electric Stand-Up ATV Hits US Market with Top Tier Manufacturing Partnership

URLhttps://finance.yahoo.com/news/lytehorse-labs-elec
Sourceyahoo!finance
Date Published07/06/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LyteHorse Labs
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:Both
Country(ies) from which reshored:Canada
City reshored to:Sterling Heights
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment, military, law enforcement
Product(s) reshoredLyteHorse 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?Government Incentives, Lead time/Time to market, Under-utilized capacity
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