Dynex Semiconductor Ltd is developing converters, inverters and battery chargers for electric vehicles such as cars.
They help cars convert electricity from the Grid into power that their engines can use.
Dynex's Chinese parent company wants to assert itself in the market before electric engines replace conventional ones - which will bring an inevitable explosion of competition.
It will grow its specialist team from 10 to 30 people to work on the technology, and there is a new building on its Doddington Road site for its research and development team to expand into.
A new laboratory and equipment worth £1 million will be used to develop and test the parts.Read more: http://www.lincolnshireecho.co.uk/City-manufacturer-sets-sights-electric-car-market/story-28632807-detail/story.html
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