Methode COO announces investment to satisfy growing demands for electric vehicles

Methode Electronics COO Joseph Khoury has announced that the company is investing in innovation in a bid to meet the demands brought about by the growth of the electric vehicle and e-bike markets.

Mr Khoury made the announcement earlier today, when Energy Minister Miriam Dalli visited the company’s Malta campus.

“Malta continues to play an important role in Methode’s global strategy,” Mr Khoury said.

“Methode Electronics Europe is well positioned in the automotive market and more importantly, the electrification segment; we are very active in the e-bike / pedelec space with Methode’s magnetoelastic sensors which were launched in Malta a few years ago,” he continued.

Having started operations in Malta 55 years ago, Methode Electronics has since become a leader in the production of switches, electromechanical and electronic controls, sensors, and devices for the automotive industry worldwide.

“We look forward to introducing other unique products in the medical segment, which will continue to grow the business in Europe,” Mr Khoury concluded.

Methode Electronics was on the receiving end of Government-backed financial support administered by Malta Enterprise throughout the pandemic. This aid allowed the company to expand its operations and diversify its suite of products to meet the demands of the evolving global market.

“The path Methode is undertaking is yet another example of the kind of investment that the country wants to enable in the future,” Minister Dalli said.

“This includes the evolution of Malta-based manufacturing companies into modern, innovative, and more resilient companies which provide better added value output to their clients and high-quality employment opportunities for workers,” she concluded.