The new Dana TM4 Swedish facility for electric motor production
Also, Timothy R. Kraus has been appointed senior vice president and Chief Financial Officer. He succeeds Jonathan Collins, who will be leaving Dana to become CFO of Clarivate, a world-leading information and analytics provider.
Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden that will initially produce electric motors for the mobility industry. This new facility further boosts Dana‘s ability to deliver clean-energy technologies and fully integrated e-propulsion systems across all mobility markets. With more than half of Dana’s three-year new business backlog coming from e-propulsion products, the company is increasing its capacity to deliver electric components and systems in the region. These will support vehicles ranging from light vehicles to medium- and heavy-duty trucks to large construction equipment.
Dana TM4 Motive high-speed electric motors
Supported by a robust supply chain and highly automated manufacturing methods, the facility is expected to open in late 2022 and will produce a range of Dana TM4 Motive high-speed electric motors for vehicles that will begin production in the first half of 2023. The Dana TM4 Motive series permanent-magnet electric motors are designed as an efficient solution to meet the highest standards for efficiency, reliability, and performance. Dana TM4 is a joint venture between Dana Incorporated and Hydro-Québec, North America’s largest renewable energy producer.
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«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», said Antonio Valencia, president of Dana Power Technologies and Global Electrification. «Our localized electrodynamic manufacturing strategy empowers our customers in Europe to accelerate their electrification journey across multiple vehicle platforms and segments».
Dana: Timothy R. Kraus is the new CFO
Timothy R. Kraus has been appointed senior vice president and Chief Financial Officer. Mr. Kraus succeeds Jonathan Collins, who will be leaving Dana to become CFO of Clarivate, a world-leading information and analytics provider. «Tim has been essential to the success of Dana’s transformation strategy, as we have repositioned the company with class-leading innovation and a global presence while improving the strength of our balance sheet», said James Kamsickas, Dana chairman and CEO. «I’d like to thank Jonathan for his service and leadership as he ensures a smooth transition».