VEM Group to build $147M motor production base in Wuxi, China

VEM Group will build an electrical motor R&D and production base in Wuxi National Hi-Tech District, China, with a total investment of 1.05 billion yuan ($147 million). The base will produce 1,500 motors, control systems, and wind power generators annually.

“WND anticipates the completion of 30 projects by year's end, with a total investment of 36.53 billion yuan. Among these is the electrical motor R&D and production base of German company VEM Group.”chinaservicesinfo.com

• 1 source
• chinaservicesinfo.comWND off to a flying start with major project kickoffs in Q1 | www.chinaservicesinfo.comJan 9, 2024

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