Inovance breaks ground on $280M motor R&D and manufacturing base in Dalian

Inovance Technology held a groundbreaking ceremony for a new R&D and manufacturing base in Jinpu New Area, Dalian, China, with a total investment of RMB 2 billion (approx. USD 280 million). The facility will produce 10,000 high-voltage permanent magnet synchronous motors annually, targeting heavy industries.

“Dalian is our first major investment in northern China, and an important step in expanding our high-power motor capability for global markets.”prnewswire.com

• 1 source
• prnewswire.comInovance Invests $280M in High-Power Motor Facility, Targeting Net-Zero Heavy IndustryInovance TechnologyApr 23, 2026

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