Karma Automotive Renames Updated Electric Car, Moves Production to U.S.

SourceWall Street Journal
Date Published04/25/2016
Author NameMike Ramsey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Karma Automotive
Parent companyWanxiang Group
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Year reshoring announced:2016
Domestically, the work will be done:In-house
Country(ies) from which reshored:Finland
City reshored to:Costa Mesa
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric Luxury Automobiles
What domestic positive factors made reshoring more attractive?Eco-system synergies
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