• EV Tech Insider
  • Posts
  • Schaeffler announces $230 million automotive plant coming to Ohio

Schaeffler announces $230 million automotive plant coming to Ohio

February 28, 2024

Schaeffler has announced they will open a new plant in Dover, Ohio to produce automotive powertrain solutions such as their electric axles for light and medium-duty electric vehicles.

The company is investing over $230,000,000 to build the new plant, with future expansions in the state until 2032. Construction is set to begin in mid-2024, with an estimated completion date in the third quarter of 2025. The first phase of the facility will have approximately 130,000 square feet of advanced manufacturing space dedicated to electric mobility solutions for the automotive industry.

The new plant is strategically located near its customers, major OEMs, other suppliers, railways, and highways. The facility is expected to create approximately 450 jobs by 2032, including roles for manufacturing operators, material handlers, manufacturing leaders, engineers, maintenance technicians, tooling technicians, quality professionals, and other support staff.

Schaeffler has a long-standing relationship with the State of Ohio, having relied on the state’s talented and committed workforce for over 40 years. The company recently completed an expansion in Wooster of almost 90,000 square feet to produce electric motors and components for electric powertrain systems. Schaeffler also announced an increased relationship with The Ohio State University (OSU) to create a new battery cell research and development center that will open in 2025.

Schaeffler has 15 plants in the Americas and five Research and Development locations, with U.S. manufacturing locations in Ohio, South Carolina, Missouri, and Connecticut. The company has made significant investments in the region over the past decade, viewing the U.S. as a strategic growth market.