German supplier Schaeffler plans $230 million EV axle plant in Ohio

Schaeffler plans to open a $230-million plant in Ohio that will build electric axles for light- and medium-duty vehicles. (REUTERS)

By:

John Irwin

February 26, 2024 08:26 PM

German parts supplier Schaeffler said Monday it will spend around $230 million to build a factory in Ohio that will manufacture components for electric vehicles.

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