TOKYO -- Japanese electric wire manufacturers are shifting their production and investment into high gear in Asia as they prepare for growth in the region’s electric vehicle market.
SWCC Showa Holdings will invest about 700 million yen ($6.5 million) to relocate and integrate two plants in China. The company will also establish a system to develop, manufacture and sell EV cables through Jaxing Showa Interconnect Products, its Chinese subsidiary.
