Dana Incorporated on Monday announced that its Dana TM4 joint venture is establishing a new manufacturing facility in Amal, Sweden, at an investment of $ 50 million. This fully sustainable operation has received $ 10.7 million in support from the Swedish business development community and will initially produce electric motors for the mobility industry.
Dana TM4 is a joint venture between Dana Incorporated and Hydro-Québec, North America's largest renewable energy producer.
The new facility will further boost the company's ability to deliver clean-energy technologies and fully integrated e-Propulsion systems across all mobility markets, the company said in a press release.
Supported by a robust supply chain and highly automated manufacturing methods, the facility is expected to open in late 2022 and will produce a range of Dana TM4 Motive high-speed electric motors for vehicles that will begin production in the first half of 2023. The Dana TM4 Motive series permanent-magnet electric motors are designed as an efficient solution to meet the highest standards for efficiency, reliability, and performance.
The new operation will also add to the company's portfolio of global electrodynamic facilities and will be the largest of these facilities in Europe. With more than half of Dana's three-year new business backlog coming from e-Propulsion products, the company is increasing its capacity to deliver electric components and systems in the region. These will support vehicles ranging from light vehicles to medium- and heavy-duty trucks to large construction equipment, the company said.
Antonio Valencia, President of Dana Power Technologies and Global Electrification, said, 'At Dana we are focused on delivering technologies that support the advancement of electrified vehicles that are also designed and manufactured with sustainability in mind. Sweden is a leader in renewable energy, with 98% of energy production being fossil free, which enables us to build our products using a more sustainable footprint in support of a zero-emissions future. Our localised electrodynamic manufacturing strategy empowers our customers in Europe to accelerate their electrification journey across multiple vehicle platforms and segments.'
Anna Hallberg, Minister for Foreign Trade and Nordic Affairs, said, 'Transforming the vehicle manufacturing supply chain is critical in the shift to electric transport and I warmly welcome this investment by Dana, one of the world's leading suppliers to the mobility industry. The new production facility in Amal will add cutting-edge expertise to Sweden's electromobility cluster while giving local employment a significant boost from the creation of highly skilled, future-focused jobs.'
Patrik Palm, Managing Director, Dana Sweden, said, 'We are excited to see this e-Mobility facility help meet the growing demand for electrified solutions by leveraging our state-of-the-art manufacturing expertise to implement highly automated manufacturing and final assembly lines operated by more than 80 new employees.'