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)

TAISHU YUASA, Nikkei staff writer

May 10, 2022 00:01 JST

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.