Mitsubishi Electric Corporation says it will start construction of a new plant on the premises of its subsidiary, Mitsubishi Electric Automotive Czech (MEAC) in Slaný, Czech Republic.
The new factory will enable MEAC to increase its mass production of motor and inverter systems for electric vehicles, such as the company’s integrated starter-generator (ISG) systems for 48V hybrid vehicles, which are expected to see rapid growth in demand, especially in Europe.
Aiming to expand the scale of its automotive equipment business, Mitsubishi Electric is developing a range of automotive products by applying its proprietary technologies in the fields of power electronics, vehicle integration control and high-density coil winding for motors.
Mitsubishi Electric manufactures, markets and sells electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment.
The company recorded consolidated group sales of US$41.9bn in the fiscal year ended 31 March, 2018.