Hyundai to begin EV manufacturing in the US with hopes subsidy bill passes

URLhttps://electrek.co/2021/11/05/hyundai-to-begin-ev
SourceElectrek
Date Published11/05/2021
Author NameScooter Doll
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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:In-house
Country(ies) from which reshored:Korea, Republic of
City reshored to:Montgomery
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredGV70 EV
What domestic positive factors made reshoring more attractive?, Biden, subsidies
Find Reshoring Articles