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Vitesco Technologies opened a 2,800 sqm production area at its electronics factory in Icheon, South Korea, for its EMR4 electric axle drive, with an investment of over €80 million. Full-scale series production with annual capacity over 200,000 units is scheduled to ramp up in 2024.
“We are proud to be an active part of Korea’s transition to electromobility.”electrive.com
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