DOVER, OH—Schaeffler AG plans to build a $230 million assembly plant here to produce e-axles and other transmission components for electric vehicles.
“Our new plant will play a pivotal role in shaping our future in the Americas region,” says Marc McGrath, CEO of Schaeffler Americas. “Dedicated to advancing our innovative product offering, our new facility will feature state-of-the-art production processes so we can better serve our customers, while also adopting sustainable practices, as we continue to pioneer motion.”