KOSTAL Group

German automotive parts supplier Kostal opened a new industrial unit in Tangier, Morocco, on January 16, 2024. The €25 million facility is expected to create 700 direct jobs.

Kostal's Electro Mobility Mexicana (KEMM) factory began operations in Querétaro, Mexico, with a 2.1-billion-peso ($115 million) investment. The 20,000-square-meter plant will produce charging modules and components for electric vehicles, creating about 750 jobs.

Kostal Group, a German automotive parts and charging specialist, acquired Compleo Charging Solutions, a Dortmund-based EV charging firm. Compleo will continue as an independent brand within the Kostal Group. The deal is expected to close by June 2023.

KOSTAL Automobil Elektrik (KAE) announced the groundbreaking of a new power electronics plant in Queretaro, Mexico, on December 5, 2022. The first construction phase of 21,000 square meters will be completed in the second half of 2023. The plant will manufacture onboard chargers and other EV components, creating 750 new jobs.

Kostal Group began construction of its fourth plant in Mexico, in Querétaro, investing over 2,097 million pesos (approx. $105 million) to build a power electronics plant for electric vehicles, creating 750 jobs. Phase one will be completed in 2023.

KOSTAL Kontakt Systeme, Inc. has formalized plans to invest $57.8 million to construct a new North American Headquarters and production facility along M-59 in Rochester Hills, Michigan. The company designs and manufactures electrical connectors for the automotive industry.

KOSTAL group opened its third production base in Bulgaria, a car parts plant in Pazardjik, with an investment of over €32 million. The plant is expected to create 1,300 jobs.