Shanghai Morn Electric to build CNY600M flat magnet wire plant in Lingang

Shanghai Morn Electric Equipment plans to build a CNY600 million flat magnet wire plant in Lingang, Shanghai, with annual output of 30,000 tons, to supply motors for new energy vehicles. Phase 1 (10,000 tons/year) to be completed by June 2022, phase 2 by late 2023.

“Costing CNY600 million, the plant will have an annual output of 30,000 tons of flat wires a year and is expected to bring in CNY3 billion in revenue a year.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina’s Morn Electric Soars Then Falls on Plan to Build Flat Magnet Wire Plant for NEV MotorsTang ShihuaSep 6, 2021

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