Meiden to invest ￥7 billion to bolster facilities for mass-producing electric vehicle parts
Meidensha Corporation (Meiden) will invest ￥7 billion 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 ￥20 billion 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.
Outline of facility expansions
Nagoya Works: Renovation of existing buildings and introduction of new facilities | |
Location | 496 Ittangosewari, Nishibiwajimacho, Kiyosu City, Aichi Prefecture |
Parts to be produced | Inverter-Integrated Motor Units for EVs |
Start of construction | Scheduled for January 2019 |
Start of operations | Scheduled for November 2019 |
Total floor space | 4,620㎡ |
Production capacity | Maximum annual production of 170,000 units |
Kofu Meidensha Electric Mfg. Co., Ltd.: Construction of new building and introduction of new facilities | |
Location | 825 Nakadate, Chuo City, Yamanashi Prefecture |
Parts to be produced | Motors for EVs |
Start of construction | Scheduled for November 2018 |
Start of operations | Scheduled for November 2019 |
Total floor space | 2,660㎡ |
Production capacity | Maximum annual production of 170,000 units |
Numazu Works: Expansion of facilities | |
Location | 515 Kaminakamizo, Higashimakado, Numazu City, Shizuoka Prefecture |
Parts to be produced | Inverters for EVs |
Start of construction | Scheduled for November 2018 |
Start of operations | Scheduled for May 2019 |
Total floor space | 240㎡ |
Production capacity | Maximum annual production of 120,000 units |
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.
Meiden Electric Vehicle Drive Systems
Press contacts:
Public Relations Division
Tel: +81-3-6420-8100