# Thyssenkrupp expands e-motor component plant in Jászfényszaru, Hungary

Thyssenkrupp is expanding its plant in Jászfényszaru, Hungary, with an EUR 58 million investment to produce rotating shafts for electric vehicles. The expansion adds 8,000 square meters and will create 110 new jobs. Production is expected to ramp up through 2026.

- Type: Expansion
- Announced: 2023-10-02
- Where: Jászfényszaru, Hungary
- Value: $61.0M (58.0M EUR)
- Jobs: 110
- Starts operating: 2026
- Status: under construction
- Capacity: 2 million rotating shafts per year
- Products: rotating shafts for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md)

## Sources

- [dteurope.com](https://dteurope.com/business/thyssenkrupps-e-motor-component-plant-extended/), 2023-10-02: "The EUR 58 million investment that enables Thyssenkrupp to produce rotating shafts for electronic vehicles (EV) will create 110 new jobs."

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