Expansion of EV power module production capacity through the establishment of 新潟サンケン

「Against this backdrop, in the fiscal year ending March 2024, the final year of the 2021 Medium-Term Management Plan, our Group is making the upfront investments that form the foundation for realizing its medium- to long-term growth strategy. One such investment is the expansion of production capacity for EV traction motor power modules, and preparations for the start of mass production are under way at 新潟サンケン株式会社, the back-end production subsidiary newly established in May this year.」

「We are making the upfront investments that form the foundation for realizing our growth strategy. During the first quarter, we newly established 新潟サンケン株式会社, a production subsidiary responsible for back-end processes, in May to expand production capacity for EV traction motor power modules, for which demand is expected to increase in the future, and began preparations for the start of production.」

「We have decided to establish a new plant in Japan to meet expected increases in future demand from overseas Tier 1 customers for power modules for EV traction motors.」