Astemo invests $112M to expand hybrid EV motor production in Kentucky
Summary
Astemo Americas will add nearly 300,000 square feet and invest over $112 million at its Berea, Kentucky plants to boost hybrid EV motor output, part of a multi-year expansion across its Kentucky sites. The company supplies hybrid and EV powertrain components to Honda, Nissan, and others.
Astemo Americas will add nearly 300,000 square feet of production and warehouse space at its two manufacturing plants in Berea, Kentucky, and spend more than $112 million to increase output of hybrid EV motors there.
The investment is the first phase of a multi-year program to increase hybrid EV powertrain component production across Astemo’s Kentucky sites, according to the Kentucky Cabinet for Economic Development.
The Berea plants build chassis and electric powertrain components. A separate Astemo plant in Harrodsburg, Kentucky produces electric powertrain and engine management systems.
Astemo Americas runs 23 manufacturing sites across the Americas, 12 of them in the United States, and is headquartered in Farmington Hills, Michigan.
The parent company is a joint venture between Hitachi, Honda Motor and JIC Capital. Charged has covered Astemo’s agreement to supply Honda with e-axles, a unit that combines a silicon carbide inverter, a square-wire motor and a gearbox. The company has also agreed to provide JATCO with inverters and motors for future Nissan EVs and PHEVs.
“Since we opened our first Kentucky plant in 1985, the Commonwealth of Kentucky has been a cornerstone of our US operations,” said Tim Clark, President and CEO of Astemo Americas.
Source: Astemo Americas
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