he United States, and commence mass production in the second half of 2027. Furthermore, the company plans to set up a permanent magnet production capacity of 3,000 tons per year by 2028. Through a series of investments, the company will establish a rare earth value chain and link it to the traction motor core manufacturing business to strengthen the competitiveness of its EV core parts business. (From a press release on March 23, 2026)...

News  Updated at: 2026/03/30

. The amount of the investment was not disclosed. NCT specializes in materials and processing technologies for iron-based amorphous alloys, which are essential for improving the efficiency of motor generators installed in electrified vehicles. The two companies aim to establish volume production of motor cores for next-generation motor generators utilizing these alloys. (From an article in the Nikkan Jidosha Shimbun on March 23, 2026)...

News  Updated at: 2026/03/23

Mitsui High-tec revises downward financial targets of medium-term management plan Mitsui High-tec, Inc. (Mitsui High-tec) has revised downward the financial targets of its medium-term management plan. Due to the slowdown in the electric vehicle (EV) market, automakers—Mitsui High-tec’s clients—are revising their EV launch plans, resulting in lower-than-expected sales volumes for motor cores and automotive semiconductors. Regarding the autom...

News  Updated at: 2026/03/16

[JMS 2025 Exclusive Interview] NHK Spring Responding to the Age of Automotive Electrification by Delivering Motor Cores and Thermal Management Products The Japan Mobility Show (JMS) was held from October 29, 2025. During the show, MarkLines conducted exclusive interviews with several companies. Marklines interviewed the President and COO of NHK Spring Mr. Kazuhisa Uemura. The theme of the company’s booth was "Crafting the Future with Pride". A...

News  Updated at: 2025/12/17

NHK Spring promoting “selection and concentration” outside Japan by liquidating seat business in China and starting motor core production in India NHK Spring Co., Ltd. (NHK Spring) is poised to alter its overseas strategy significantly. While it is liquidating and downsizing its seat manufacturing and sales subsidiary in China, it is also embarking on motor core production in India in anticipation of the expanding electric vehicle market. In ...

News  Updated at: 2025/11/18

POSCO, Korea, completes drive motor core plant in Poland, to launch production soon On October 2, POSCO INTERNATIONAL announced that it has completed its drive motor core plant in Poland. It is built with an investment of KRW 94.1 billion on a 100,000 square meter site. It will begin trial production in October and start full-scale mass production in December 2025. The completion ceremony was held on October 1, 2025.  The Poland plant has an ann...

News  Updated at: 2025/10/06

Mitsui High-tec to keep high levels of investment in EV motor core business Mitsui High-tec, Inc. (Mitsui High-tec) will continue high levels of investment in its motor core-related business for electric vehicle (EV) drive motors. The motor core business has been going according to the company’s plan in the first half of the fiscal year that started in February (H1 FY2025). On the other hand, Mitsui High-tec revised its FY2025 operating income ...

News  Updated at: 2025/09/18

aka, met with representatives of Japanese companies in Japan, leading to several new investment commitments and expansion plans across the electric vehicle, manufacturing, and automotive sectors. The key project updates: JFE Shoji will invest INR 4.0 billion to set up a facility for manufacturing motor cores for battery electric vehicles in Karnataka. The company is in the process of finalizing a site. The government has also invited JFE Shoji ...

News  Updated at: 2025/09/11

Posco International wins order for EV drive motor core from North American manufacturer Several South Korean media sources reported that Posco International Corporation, a trading company of the Posco Group, has won an order for electric vehicle (EV) drive motor cores from a North American manufacturer. The supply volume will be 3 million units in total, and the revenue from this order is expected to reach KRW 600 billion (JPY 66 billion) at leas...

News  Updated at: 2025/09/09

while reducing the size. The company has won the order by establishing a manufacturing method that supports space saving and high heat dissipation structures for instantaneous high currents. NHK Spring will continue to expand its products and technology in the field of electrified vehicles, such as motor cores and metal substrates. (From an article in the Nikkan Jidosha Shimbun on July 3, 2025)...

News  Updated at: 2025/07/03

NHK Spring inaugurates expansion in Mexico According to Cluster Industrial, NHK Spring Mexico, a subsidiary of NHK Spring, inaugurated its new Motor Core production plant in the Castro del Río Technoindustrial Park in Irapuato, México. The project represents a USD 55 million investment and will generate 233 new jobs, being this one the second major expansion in the region that involves building a new facility adjacent to the existing plant, foc...

News  Updated at: 2025/05/27

Feintool, Switzerland wins business for e-motor cores in China On April 3, Feintool announced that it has won an important order for e-motor cores in China with an estimated lifetime volume of CHF 30 million. The e-laminated components will be installed in commercial vehicles produced by a leading Chinese automotive manufacturer.  The ordered electric motor cores will be integrated into the customer’s newly developed e-drive platform. The high...

News  Updated at: 2025/04/07

Mitsui High-tech to increase motor core business sales by 50% in three years Mitsui High-tech Inc. (Mitsui High-tech) has announced plans to increase sales in its motor core business by 50% to JPY 234.0 billion in three years compared to the results for the fiscal year ended January 31, 2025. The company will promote its motor cores to European and U.S. OEMs in addition to Japanese OEMs. The plans have been decided in Mitsui High-tech’s new thr...

News  Updated at: 2025/03/17

NHK Spring to discuss establishment of fourth plant in India NHK Spring Co., Ltd. (NHK Spring) has started discussing the construction of its fourth plant in Western India. The company expects that the new plant will manufacture spring parts and motor cores that are core parts for electrified vehicle motors. Because of uncertainty about the future in North America, China and other regions, NHK Spring aims to respond to local demand for electrific...

News  Updated at: 2025/03/06

osphate) cathode materials; and high-voltage middle nickel cathode materials. It will also introduce a product portfolio of the Posco Group, that includes solid electrolytes and lithium metal anode materials being developed at Posco Holdings' Future Technology Research Institute (N.EX.T Hub), drive motor cores handled by Posco International, and battery packs and cylindrical battery can materials from Posco. (From a press release on February 25, ...

News  Updated at: 2025/03/04

Fine Stamping, China building plant for electric motor cores in Serbia On February 11, the Provincial Government of Vojvodina announced that Fine Stamping will invest EUR 50 million to construct a plant. It will produce motor cores for electric cars in the industrial zone in Apatin. The construction will be completed by July 2025, and production could begin in September. The first phase of the project will create 150 jobs.  Based on press releas...

News  Updated at: 2025/02/13

Kuroda Precision Industries to shorten motor core prototyping time in China Kuroda Precision Industries Ltd. (Kuroda Precision Industries) will revamp its Chinese business system to expand sales of motor cores to emerging electric vehicle (EV) manufacturers. The company intends to shorten the time required to provide a trial product from several months to several days to adopt to China-specific short delivery period and increase order intakes. To...

News  Updated at: 2025/01/21

KOA Automotive to build new EV component plant in Gumi, South Korea Several South Korean media sources reported that KOA Automotive Inc. will build an electric vehicle (EV) parts plant in Uiseong-gun, Gyeongsangbuk-do. The company has headquarters and a plant in Uiseong, where it produces automotive parts such as motor cores. By 2027, it will invest KRW 48.9 billion (JPY 5.38 billion) to set up a new EV parts production line and to build technica...

News  Updated at: 2024/11/06

Daido Steel develops motor core soft magnetic material with high saturation magnetic flux density On October 25, Daido Steel Co., Ltd. (Daido Steel) announced that it has developed a soft magnetic material for motor cores that has a saturation magnetic flux density higher than that of magnetic steel sheets. The soft magnetic material will contribute to reduced size and weight and increased output of motors and is expected to be used in motors for...

News  Updated at: 2024/10/28

Mitsui High-tec to continue investment in electrified vehicle motor cores for future growth in demand Mitsui High-tec, Inc. (Mitsui High-tec) plans to continue active investment in its electrified vehicle motor core business, and promote sales to new customers other than Japanese automakers. Due to sluggish sales of electric vehicles (EVs) in the U.S. and European markets, the company's motor core-related business earnings are declining. Even tho...

News  Updated at: 2024/09/19