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Japan’s TDK Looks to Build $383m EV Parts Facility – Nikkei

The new factory, which the company hopes to set up by 2024 in Kitakami in Iwate prefecture, will manufacture ceramic capacitors


Electric car
Electric vehicles are said to contain 10,000 capacitors each. TDK will expand production of the component. Photo: Reuters.

 

Japanese electronics maker TDK plans to spend about 50 billion yen ($383 million) to build a factory that will make electric vehicle parts, Nikkei reported.

The new factory, which the company hopes to set up by 2024 in Kitakami in Iwate prefecture, will manufacture ceramic capacitors, the report added.

 

Read the full report:  Nikkei Asia.

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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