Company/Division name | Foxconn Technology Group |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
If manufacturing, is the company a contract manufacturer? | Yes |
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 ($): | 230 |
Country(ies) from which reshored: | Taiwan, Province of China |
City reshored to: | Lordstown |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | electric vehicles, EVs |
What domestic positive factors made reshoring more attractive? | Infrastructure, Lead time/Time to market, Under-utilized capacity |