# 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.

- Type: New facility
- Announced: 2021-11-29
- Where: Åmål, Sweden, Sweden
- Value: $50.0M
- Starts operating: Q1 2023
- Status: under construction
- Products: electric motors, e-Propulsion systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md)
- [Dana TM4](https://endata.com/companies/7006.md)

## Sources

- [dana.com](https://www.dana.com/newsroom/press-releases/dana-tm4-to-establish-new-electrodynamics-facility-in-amal-sweden/), 2021-11-29: "This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development community."
- [prnewswire.com](https://www.prnewswire.com/news-releases/dana-tm4-to-establish-new-electrodynamics-facility-in-amal-sweden-301430992.html), 2021-11-29: "This new facility further boosts Dana's ability to deliver clean-energy technologies and fully integrated e-Propulsion systems across all mobility markets."

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