GREENVILLE, S.C. -- KEMET Corp. says it will start producing capacitors for hybrid and electric-powered vehicles next year at its plant in Simpsonville, S.C.
The 54,000-square-foot factory will launch two new production lines next year and up to four additional assembly lines over the next three years. After the expansions, the plant will have capacity to produce capacitors for up to 100,000 EVs and hybrids annually.
The Greenville, S.C. company has received a $15 million grant from the U.S. Department of Energy, plus a $2.5 million grant from the state. The plant will employ 120 workers.
The company operates plants in the United States, Europe, China, Indonesia and Mexico. Customers include Bosch, Continental, Delphi, Lear, Magneti Marelli, TRW and Visteon.