DRÄXLMAIER to invest USD242 million in Romanian facility to produce e-mobility components
The plant would produce electronic and high voltage components for EVs
German automotive components manufacturer DRÄXLMAIER plans to invest USD242 million (EUR200 million) over the next six years into the construction of an electric vehicle (EV) battery plant in Romania's Timisoara, the company said in an event on 14 June where it presented its investment plan.
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