Electric Power will invest $1.8 billion to build an electric motor production center in Europe.
2021-04-16
Electric Power will invest $1.8 billion to build an electric motor production center in Europe.
According to foreign media reports, Nidec Corporation of Japan will invest 200 billion yen (equivalent to $1.83 billion) over the next decade to establish a European production hub in Serbia, aimed at manufacturing motors needed for electric vehicles and home appliances.
Epson is renowned for manufacturing precision motors used in computer hard drives and smartphones, and the company will establish a production center in Novi Sad, northern Serbia.
Electric Power CEO Jun Seki announced at a press conference on April 9 that the first two factories are expected to be completed in 2022, creating 1,200 new job opportunities. Seki also revealed that, ultimately, Electric Power’s European production hub will require 10,000 employees, consolidating its current manufacturing capacity across Europe.
Against the backdrop of tightening carbon emission regulations and rising consumer demand, automakers are accelerating their shift toward electric vehicle production, with EV demand expected to grow tenfold over the next decade. E-Power aims to further penetrate the rapidly expanding electric vehicle market by reducing both the cost and delivery time of its electric drive systems—key to the company’s future growth.
Epson is aiming to capture one-third of the energy-efficient electric motor market. Currently, Epson supplies e-axles to automakers such as China's GAC Group and France's PSA Group, competing for business with companies like Robert Bosch and Toyota subsidiary BluE Nexus.
This February, Denso announced that it will invest 30 billion yen to acquire a subsidiary of Mitsubishi Heavy Industries, aiming to secure key technologies essential for manufacturing electric vehicle components.
Translated from Sina Auto
Electric Power will invest $1.8 billion to build an electric motor production center in Europe.
2021-04-16
Electric Power will invest $1.8 billion to build an electric motor production center in Europe.
According to foreign media reports, Nidec Corporation of Japan will invest 200 billion yen (equivalent to $1.83 billion) over the next decade to establish a European production hub in Serbia, aimed at manufacturing motors needed for electric vehicles and home appliances.
Epson is renowned for manufacturing precision motors used in computer hard drives and smartphones, and the company will establish a production center in Novi Sad, northern Serbia.
Electric Power CEO Jun Seki announced at a press conference on April 9 that the first two factories are expected to be completed in 2022, creating 1,200 new job opportunities. Seki also revealed that, ultimately, Electric Power’s European production hub will require 10,000 employees, consolidating its current manufacturing capacity across Europe.
Against the backdrop of tightening carbon emission regulations and rising consumer demand, automakers are accelerating their shift toward electric vehicle production, with EV demand expected to grow tenfold over the next decade. E-Power aims to further penetrate the rapidly expanding electric vehicle market by reducing both the cost and delivery time of its electric drive systems—key to the company’s future growth.
Epson is aiming to capture one-third of the energy-efficient electric motor market. Currently, Epson supplies e-axles to automakers such as China's GAC Group and France's PSA Group, competing for business with companies like Robert Bosch and Toyota subsidiary BluE Nexus.
This February, Denso announced that it will invest 30 billion yen to acquire a subsidiary of Mitsubishi Heavy Industries, aiming to secure key technologies essential for manufacturing electric vehicle components.
Translated from Sina Auto
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