TU-TESL

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According to foreign media reports, Japan plans to invest about 200 billion yen (1.8 billion US dollars) in the R & D and production of electric vehicle power assembly, which will be invested in its three major factories in the world, including Dalian, China, so as to further expand the production capacity of electric vehicle power assembly. At present, Nippon Electric Power Co., Ltd. is providing electric vehicle drive motors for China's GAC passenger car and PSA and many other vehicle enterprises. Before that, Nippon Electric Power Co., Ltd. had made public its plans for the next five years, which mentioned that the company would focus on the research and development of electric vehicle power system and the acquisition of professional companies in the field of motor technology. In the next five years, Japan's electric power industry hopes to increase the company's revenue to more than three times of the current level. This large amount of investment should also be an effort to realize the five-year plan. This capital will be successively invested in three major factories in the world, including Dalian, China: Dalian factory in China: from 2021, the investment amount will be 1, JPY 0.0 billion (US $910 million), making the plant produce about 3.6 million electric motors annually; polish plant: invest JPY 5 billion (US $455 million) annually from fy2021, making the plant produce about 2.4 million electric motors annually; Mexico plant: invest JPY 5 billion (US $455 million) annually from fy2023, making the plant produce about 2.4 million electric motors annually. According to the above production capacity planning, Japan's electricity production will be able to deliver about 8.4 million electric motors every year. It is expected that by 2030, the market demand for electric motor will increase to 30 million sets per year (some vehicles will be equipped with 2, 3 or 4 motors), while Japanese electric power industry hopes that it will occupy up to 35% of the market (current market share is 4%).