# 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.

- Type: Expansion
- Announced: 2021-07-29
- Where: Hunan province, China
- Value: $110.0M (711.0M CNY)
- Starts operating: Jun 2025
- Status: announced
- Capacity: 50,000 tons per year
- Products: special electromagnetic wire for new energy vehicle motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Jinbei Electric](https://endata.com/companies/52386.md)
- [Jinbei Electric Electromagnetic Wire](https://endata.com/companies/56780.md) (partner)

## Sources

- [news.metal.com](https://news.metal.com/th/newscontent/101548419-jinbei-electrician-plans-to-invest-711-million-yuan-to-expand-the-special-electromagnetic-wire-for-motor-of-new-energy-vehicle), 2021-07-30: "Jinbei Electric intends to invest 711 million yuan to expand the special electromagnetic wire for the motor of new energy vehicles."

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