Info
Info

Meidensha to bolster facilities for mass-producing EV parts

News
Meidensha Corporation (Meiden) will invest ï¿¥7 billion ($6.3 million) to expand mass-production facilities for electric vehicle (EV) parts at three of its plants.
Info

Meidensha Corporation (Meiden) will invest ï¿¥7 billion ($6.3 million) to expand mass-production facilities for electric vehicle (EV) parts at three of its plants.

The move will bolster Meiden's EV-related business by strengthening its production capacity for motors and inverters for EVs, whose demand is expected to surge due to environmental protection measures and regulations being implemented across the globe.

Meiden has selected its Nagoya Works as a new production hub for such parts. Existing buildings at this plant will be upgraded and mass-production lines constructed.

A new building for producing EV parts will be constructed at Meiden's wholly owned subsidiary Kofu Meidensha Electric Mfg. Co., Ltd. and existing production lines for parts at the Numazu Works will be beefed up. The expenditure will be part of the ï¿¥20 billion ($18 million) growth investment included in Meiden Group's Medium-Term Management Plan 2020 covering fiscal 2018 to 2020. Meiden will consider additional investment in tandem with the market's expansion.

Meiden will use its technological prowess nurtured as a pioneer in the production of motors and inverters for EVs to improve its mass-production facilities, while accelerating research and development of new EV parts with the aim of expanding its business in this field.


The Latest News, Brought To You By
Meidensha to bolster facilities for mass-producing EV parts
Modified on Monday 6th August 2018
Find all articles related to:
Meidensha to bolster facilities for mass-producing EV parts
TaaS Technology Magazine
Info
Hyundai Partners With EVgo To Provide Its Customers Easy Access To Fast Charging
Ricardo To Collaborate With Authorities In Chinese City Of Shangrao To Develop New NEVs
Marston’s Inns And Taverns Partners With Engenie To Install 400 Rapid EV Chargers
Netradyne To Provide Hyundai MNSOFT With Dynamic HD Mapping Solution
Bosch And Veniam Develop Multi-standard V2X Connectivity
Skyworks Launches Connectivity Solutions For Automotive Platforms
FreeWire Technologies Raises $15 Million Series A Funding
Delphi And Valeo Join The Auto-ISAC Cybersecurity Platform
Waymo Begins Offering Autonomous Ride-hailing Services In Arizona
Volkswagen Gives A Glimpse Into Future With The All Electric I.D. BUZZ Cargo
Honda To Expand Its American R&D Centre In Raymond, Ohio
Simon And Electrify America Launch California’s First 350 KW EV Charging Station
Rohde & Schwarz And Huawei Conduct Field Trial Precision Latency Measurements For 5G C-V2X Communication
Establishment Of New JV Between Daimler And BMW Delayed To Early 2019
Getaround Launches Its Car-sharing Platform In Denver
Wind River Partners With Renesas To Advance Autonomous Driving Applications
KBA Approves Series Production Of DHL’s Electric Van, The Street Scooter Work
Karamba Security And Ficosa Collaborate To Make Telematics Control Units And V2X ECU More Secure
BMW Group Appoints New Lead For Its Driver Assistance And Autonomous Driving Development Department
Foresight’s QuadSight Vision System Being Tested By A Leading European OEM
New York Gets A New Ride-hailing Service, InDriver
Audi Plans Investment Of €14 Billion To Further Develop E-mobility, Digitalisation And Autonomous Driving
Nuance To Open DRIVE Lab At DKFI In Germany
Ouster Partners With Playment And Scale.AI For Advanced Deep Learning Labelling
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info