Schaeffler to open $230 million automotive electric mobility solutions plant in Ohio
Schaeffler has announced plans to open a new manufacturing facility in Dover, Ohio that is designed to produce automotive electric mobility solutions. The company, which focuses on motion technology, will invest $230 million into the project, which includes a new greenfield manufacturing facility and future expansions in Ohio until 2032. During phase one of the project, the facility will offer 130,000 square feet of advanced manufacturing space dedicated to electric mobility solutions. The plant will manufacture electric axles for light- and medium-duty vehicles. To help aid the project, the State of Ohio and JobsOhio are offering Schaeffler incentive grants and tax credits. Operations at the new facility are expected to begin in 2025, and the project will create approximately 450 new jobs.
What people are saying
In a recent quote, Marc McGrath, Chief Executive Officer of Schaeffler Americas, said, “Our new plant will play a pivotal role in shaping our future in the Americas region. Dedicated to advancing our innovative product offering, our new Dover, Ohio 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.”
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Investing in American manufacturing in 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.