Dana TM4 to build $50M electric motor plant in Åmål, Sweden

Dana TM4, a joint venture of Dana Incorporated, is establishing a new manufacturing facility in Åmål, Sweden to produce electric motors for the mobility industry. The $50 million facility has received $10.7 million in grants and is expected to open in late 2022, with production starting in the first half of 2023.

“This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development community.”dana.com

• 2 sources
• dana.comDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenNov 29, 2021
• prnewswire.comDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana IncorporatedNov 29, 2021

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