Miba Group to invest USD3.3 million for developing power resistors for EVs
Investment will help the Austrian supplier to ramp up annual production capacity for EVs by more than one million units
EBG Resistors, a subsidiary of Miba Group, is investing EUR2 million (USD3.3 million) at its production facilities in Kirchbach and St. Stefan im Rosental in Austria to expand production capacity of resistors for use in electric vehicles (EVs), the company said in a press release on 17 February.
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