Sumitomo Electric

QUARTERLY id Topics from the future-shaping Sumitomo Electric Group

Verify Power Loss Reduction With Energy-saving Power Transmission Systems
— Certificate of appreciation received from Mongolia's National Power Transmission Grid —

Verify Power Loss Reduction With Energy-saving Power Transmission Systems

The Japanese government has been promoting JCM (Joint Crediting Mechanism) as part of measures against global warming. JCM is a system whereby Japan contributes to sustainable development in developing countries by spreading superb low carbon technologies, products and services and implementing measures. Japan’s contributions to reducing greenhouse gas emissions are quantitatively evaluated, and such reductions are utilized as credits as part of Japan’s achieving its reduction targets.

Establishing a Company to Manufacture Rectangular Magnet Wires for Electrified Vehicles in China
— Meeting the growing worldwide demand for driving motors —

Establishing a Company to Manufacture Rectangular Magnet Wires for Electrified Vehicles in China

The demand for driving motors for electrified vehicles is expected to increase further due to the development and widespread use of hybrid vehicles and electric vehicles. To meet the global demand, Sumitomo Electric Wintec Magnet Wire(Changzhou) Co.,Ltd. in Changzhou, Jiangsu Province, China, on March 21, 2019. The company will go into full operation in 2022 as one of the new global manufacturing companies for in-vehicle rectangular magnet wires.