# Schaeffler signs investment agreement for New Energy Phase III project in Taicang

At the Phase II inauguration on November 1, 2023, Schaeffler signed an investment agreement with the Taicang High-Tech Industrial Development Zone for a New Energy Phase III Project.

- Type: Investment
- Announced: 2023-11-01
- Where: Taicang High-Tech Industrial Development Zone, China
- Status: announced
- Products: electric drive products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (investor)
- [Taicang High-Tech Industrial Development Zone](https://endata.com/companies/11192.md) (partner)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/schaeffler-inaugurates-taicang-manufacturing-bases-new-energy-phase-ii-factory-70029242), 2023-11-02: "During the inauguration ceremony, Schaeffler signed an investment agreement for the New Energy Phase III Project with the Taicang High-Tech Industrial Development Zone."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.