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.”

“We are convinced that the trend toward more electrification will continue,” adds Klaus Rosenfeld, CEO of Schaeffler AG. “At the same time, Schaeffler is ideally positioned to benefit from [our] technological leadership in hybrid and fuel-efficient technologies, in particular in the United States. On that basis, we are committed to support our clients achieve their emission reduction targets and to realize our growth ambitions.”

Schaeffler has been increasing its investment in autonomous and electric vehicle technology. The German Tier 1 supplier recently completed an expansion at its Wooster, OH, factory that produces electric motors and components for EV power train applications. It is also working with Ohio State University to create a new battery cell R&D center that will open next year.