# 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.

- Type: New facility
- Announced: 2021-09-06
- Where: Lingang New Area, Shanghai, China
- Value: $93.0M (600.0M CNY)
- Starts operating: Jun 2022
- Status: announced
- Capacity: 30,000 tons per year
- Products: flat magnet wire
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shanghai Morn Electric Equipment Co., Ltd.](https://endata.com/companies/57530.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-morn-electric-soars-then-falls-on-plan-to-build-flat-magnet-wire-plant-for-nev-motors-), 2021-09-06: "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."

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