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12 May
07:57

TDK to build EV component factory in Japan

Tokyo-headquartered leading electronic components and devices company TDK Corporation (TDK) plans to invest about JPY 50 billion ($383 million) to launch an electric vehicle component factory domestically, Kallanish learns from Nikkei Asia.  It is considered as in accordance with the recent "domestically concentrating" trend in Japan due to supply chain pressures and weakened Japanese currency.  This new factory is expected to be constructed a…
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