Jinbei Electric plans $110M expansion of NEV wire capacity in Hunan

Jinbei Electric announced a CNY711 million plan to expand production capacity of special electromagnetic wire for new energy vehicle motors by 50,000 tons per year at its subsidiary in Hunan, with completion by June 2025.

“Jinbei Electric intends to invest 711 million yuan to expand the special electromagnetic wire for the motor of new energy vehicles.”news.metal.com

• 1 source
• news.metal.comJinbei electrician plans to invest 711 million yuan to expand the special electromagnetic wire for motor of new energy vehicle. - Shanghai Metals Market (SMM)SMMJul 30, 2021

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