Toyota joins race to build batteries in the U.S.

URLhttps://www.nbcnews.com/business/autos/toyota-join
SourceNBC News
Date Published12/06/2021
Author NamePaul Einstein
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota North America
Parent companyToyota Motor Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1750
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Capital investment ($):1300
Country(ies) from which reshored:Japan
City reshored to:Greensboro
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric car batteries
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?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Image/brand, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training
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