Recently, the first phase plant of MEIDENSHA CORPORATION (Hangzhou) Drive Technology Co., Ltd. in Xiaoshan Economic and Technological Development Zone was officially completed. The total investment of the project is about 1 billion yuan, and it is expected to be put into operation early next year.
MEIDENSHA CORPORATION, as one of the top five heavy-duty electrical appliances manufacturers in Japan, is engaged in the manufacturing and sales of energy, environmental protection, information, communications, industrial systems, and automobile dynamometer equipment.
Since 2005, MEIDENSHA CORPORATION (Hangzhou) Electric System Co., Ltd. has been established in Qiaonan Block of the Development Zone, which has produced good production benefits. This MEIDENSHA CORPORATION drive technology project is the first EV production base established by MEIDENSHA CORPORATION abroad. It will devote itself to the R&D and production of core components such as motors for new energy vehicles, PHEVs and inverters, and build it into China's top and internationally leading automotive drive equipment production and research base. After commissioning, the project is expected to achieve an annual output value of 2 billion yuan.
Since the establishment of the company in May last year, the construction of the plant began in March and was completed only 7 months later. "During the epidemic period, the company received full support from Xiaoshan Economic and Technological Development Zone during the implementation of projects such as land purchase and construction planning, which accelerated the implementation of the plant. After it is put into production, the company will continue to meet the needs of new energy in the Chinese EV market. Demand for core automotive components." Said Masahiko Sato, Chairman of MEIDENSHA CORPORATION (Hangzhou) Drive Technology Co., Ltd. In addition to the first phase of the project, the second and third phases of the Mingdian House will also start construction next year.
Xiaoshan is the "fertile soil" for the development of manufacturing industry. In recent years, the development zone has made every effort to promote the intelligent, high-end, and brand-based development of manufacturing in Qiaonan block. As one of the key industries in the zone, the development zone will vigorously support the development of auto parts with high technology content, great brand influence, and strong demonstration driving force. "MEIDENSHA CORPORATION's newly invested and established new energy vehicle core component (drive motor) R&D and production project is very compatible with the high-end equipment manufacturing industry that the development zone has been developing, and will also strongly promote the development of the development zone's auto parts industry and promote regional manufacturing. Also transform and upgrade.