⚙️ZF Transmissions Proposed Production Activity in Foreign-Trade Zone
Foreign-Trade Zone (FTZ) 38, Notification of Proposed Production Activity; ZF Transmissions Gray Court LLC; (Electric and Automatic Vehicle Transmissions); Gray Court and Fountain Inn, South Carolina
Summary
ZF Transmissions Gray Court LLC has notified the Foreign-Trade Zones Board of planned production activities for electric and automatic vehicle transmissions in South Carolina, detailing the materials and products involved. The notification highlights the potential benefits of operating within a Foreign-Trade Zone, including specific duty rates for various components used in vehicle manufacturing. Public comments are invited on the proposal, closing June 2, 2025.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$$ - High
The content outlines the proposed production activities of ZF Transmissions Gray Court LLC within a Foreign-Trade Zone (FTZ), suggesting potential tax benefits and lowering of duties on materials/components critical for electric vehicle production. The reference to duty rates and FTZ regulations indicates compliance obligations for businesses involved in these sectors.