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Schaeffler plans a greenfield plant in Dover, Ohio, making electric beam axles and electric drivetrain systems, with $230 million for the facility and other Ohio projects through 2032 and 450 jobs. Completion is expected in Q3 2025.
Schaeffler is investing over $230 million in a greenfield manufacturing facility in Dover, Ohio, producing electric axles, with 650 jobs to be created in the state and construction starting mid-2024.
Schaeffler AG signed a business combination agreement with Vitesco Technologies Group AG and announced a voluntary public tender offer for all Vitesco shares. The announcement was made from Herzogenaurach, Germany.
At the Phase II inauguration on November 1, 2023, Schaeffler signed an investment agreement with the Taicang High-Tech Industrial Development Zone for a New Energy Phase III Project.
Schaeffler officially inaugurated the New Energy Phase II Factory at its Taicang manufacturing base in Jiangsu province on November 1, 2023. The plant produces electric motor stators and rotors for new energy vehicles.
Schaeffler opened a new plant in Svitavy, Czech Republic, producing thermal management modules for the automotive industry. The investment is about EUR 100 million and is expected to create 900 new jobs within three years.
