01
Nov
12:38
Benichu, Kuroda start up motor core manufacturing JV
Japanese steelmaker Marubeni-Itochu Steel will become the first company in Japan to produce electric motor cores for electric vehicles, through joint ventures with Benichu Coil Center Kanto (owned by Marubeni-Itochu Steel) and Kuroda Precision Industries.
The JV subsidiary of the three companies will be established in January next year and plans to start producing motor cores within 2023, Kallanish learns. Marubeni-Itochu Steel owns 51% of JV, while Beni…
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