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TDK to build $380m EV component factory in Japan

Shift to onshore production prompted by supply chain woes and weak yen

Electric vehicles, like this one from Nissan Motor, are said to contain 10,000 capacitors each. TDK will expand production of the component. (Photo by Yohei Muramatsu)

TOKYO -- Japanese electronics manufacturer TDK will spend roughly 50 billion yen ($383 million) to construct a domestic factory that makes parts for electric vehicles, Nikkei has learned, in a move that follows a growing trend of locating capacity at home due to supply chain pressures and the weak yen.

The new facility will make multilayered ceramic capacitors and be located next to an existing plant in Kitakami, a city in Iwate Prefecture. The prospective factory will be up and running by the end of 2024.

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