Meidensha invests $63 million to expand EV parts production in Japan

Meidensha Corporation plans to invest JPY7 billion ($63 million) to expand three facilities in Japan, with its Nagoya Work plant in Aichi Prefecture becoming the new production hub for EV components. Construction starts in January 2019, with operation expected by November 2019.

“Meiden will upgrade existing buildings at the plant and construct new production lines to produce inverter-integrated motors for EVs.”autotechinsight.spglobal.com

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• autotechinsight.spglobal.comMeidensha to invest USD63 million for increasing EV parts production in Japan - Automotive Technology Insight | Forecasts | Industry News | Supply ChainAug 3, 2018

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