KOITO MANUFACTURING

Koito Manufacturing will invest 33 billion yen ($234 million) to expand production capacity for automotive lighting equipment in the Americas by fiscal 2026, including a new factory in Mexico that would boost capacity by around 60%.

Koito Manufacturing announced it will expand its existing plant in Brazil to increase production capacity for automotive lighting equipment, in response to growing orders.

Koito Manufacturing announced it will construct a new plant in San Luis Potosí, Mexico, adjacent to its current plant, to increase production capacity for automotive lighting equipment. The expansion also includes expanding its plant in Brazil.

Koito Manufacturing Co., Ltd. signed a definitive agreement to acquire all outstanding shares of Cepton, Inc. not already owned, for $3.17 per share in cash. Cepton will operate as a privately held indirect subsidiary of Koito in the US.

KOITO MANUFACTURING has committed to invest $50 million in Cepton's business through a PIPE offering, following a major ADAS lidar series production award at a global automotive OEM. KOITO has established a manufacturing line for Cepton's MMT lidars, with series production expected to start in 2023.