Dana TM4, a joint venture of Dana Incorporated and Hydro-Québec, will set up a new manufacturing facility in Åmål, Sweden. The $50 million sustainable operation received $10.7 million in support from the business development community of Sweden.
The facility is expected to open in late 2022 and will produce the Dana TM4 Motive high-speed electric motors from the first half of 2023. The Dana TM4 Motive series of electric motors meet the highest standards for efficiency, reliability, and performance.
Antonio Valencia, president of Dana Power Technologies and Global Electrification said, “At Dana we are focused on delivering technologies that support the advancement of electrified vehicles that are also designed and manufactured with sustainability in mind. Sweden is a leader in renewable energy, with 98 percent of energy production being fossil free, which enables us to build our products using a more sustainable footprint in support of a zero-emissions future. Our localized electrodynamic manufacturing strategy empowers our customers in Europe to accelerate their electrification journey across multiple vehicle platforms and segments.”
Minister for Foreign Trade and Nordic Affairs Anna Hallberg added, “Transforming the vehicle manufacturing supply chain is critical in the shift to electric transport and I warmly welcome this investment by Dana, one of the world’s leading suppliers to the mobility industry. The new production facility in Åmål will add cutting-edge expertise to Sweden’s electromobility cluster while giving local employment a significant boost from the creation of highly skilled, future-focused jobs.”
