# Seiko NSK to invest 30 billion yen in EV bearing production capacity in Japan

Seiko NSK plans to invest 30 billion yen over five years to increase production of bearings for electric vehicles, including at its Ishibe Plant in Konan City, Shiga Prefecture. The plan was reported on 29 December 2022.

- Type: Expansion
- Announced: 2022-12-29
- Where: Ishibe Plant, Konan City, Shiga Prefecture, Japan
- Value: $230.0M (30.0B JPY)
- Status: announced
- Products: EV bearings, automotive wheel bearings, transmission bearings
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [NSK](https://endata.com/companies/1628.md)

## Sources

- [sunrisesbearing.com](https://www.sunrisesbearing.com/news/japan-s-seiko-nsk-will-increase-production-of-64353720.html), 2023-01-09: "Japan's Seiko will implement an equipment investment of 30 billion yen in the next five years to increase the production of bearings for electric vehicles."

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