e-Power Technology

Stellantis Increasing Production of Electric Drive Modules to Support Growth in Electrification Portfolio 

Stellantis NV has announced it intends to increase production capacity of electric drive modules (EDMs) by adding production in Szentgotthard, Hungary, targeted to begin in late 2026. The €103 million investment in Szentgotthard, including grants and contributions from the Hungarian government, is the latest example of Stellantis’ commitment to transforming existing facilities for its electrified future.  […]

Materials/Manufacturing

Magnetic Shield Expands Facility in Illinois 

Magnetic Shield, a manufacturer of magnetic shielding materials and products, has expanded the building at its headquarters in Bensenville, Illinois northwest of Chicago to accommodate greater inventory and increased capabilities.   The new 7,000 sq ft […]

e-Power Technology

Nidec Expands with Broadened Products from Acquisitions & New Motor Plants in India, Serbia 

Motor manufacturer Nidec has made significant expansions to its capabilities recently through two corporate acquisitions plus adding new manufacturing plants in India and Serbia. All involve various degrees of magnetic technology and add new dimensions to Nidec’s market presence. It has:

acquired Houma Armature, a motor and generator service company in the USA;

acquired Midori Precisions, a producer of potentiometers and encoders in Japan;

opened two new factories in Serbia to meet growing demand for automotive motors and inverters in Europe while establishing a center for a cluster of future manufacturing operations;

added a new manufacturing plant in India for producing e-bike motors.

In December, it held an opening ceremony for the new, second building of its existing factory in Neemrana, India where it will now manufacture drive motors for electric bikes with an output of 30kW or less. The existing factory produces automotive, appliance, commercial, and industrial motors. Global sales of electric two-wheel vehicles are expected to grow from 2.6 million units in 2020 to 13 million units in 2030. Nidec plans to tap into the demand by manufacturing 90,000 e-bike motors per month at the factory. […]

Materials/Manufacturing

Now Investor-Owned, VAC to Build Big Magnet Factory in South Carolina 

Vacuumschmelze, one of the world’s leading producers of magnetic materials and products has announced it will build a major new magnet factory in South Carolina that will supply domestically produced magnets in the USA. The move comes shortly after the company, based in Hanau, Germany, was acquired by investment group Ara Partners in October.  […]