# Schaeffler to build $230M electric axle plant in Dover, Ohio

Schaeffler is investing over $230 million in a greenfield manufacturing facility in Dover, Ohio, producing electric axles, with 650 jobs to be created in the state and construction starting mid-2024.

- Type: New facility
- Announced: 2024-02-27
- Where: Dover, Ohio, United States
- Value: $230.0M
- Jobs: 650
- Status: announced
- Capacity: first phase about 130,000 square feet
- Products: electric axles for light and medium-duty vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md)
- [JobsOhio](https://endata.com/companies/720.md) (partner)
- [State of Ohio](https://endata.com/companies/11569.md) (partner)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/schaeffler-announces-new-automotive-manufacturing-facility/), 2024-02-27: "Schaeffler is investing over $230 million in building a greenfield manufacturing facility, located in Dover, Ohio, as well as future expansions in the state until 2032."

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