Construction of the $715 Million plant is expected to begin next summer making electric vehicle motor
Founder & Current CEO Shigenobu Nagamori said of the investment that “The company’s focus was on manufacturing products in a region to sell in that region”.
Nidec makes a traction motor for electric vehicles, known as “e-axle,” an integration of an integrated motor, decelerator and inverter system equivalent to the engine for gasoline cars.
The Kyoto-based company already produces “e-axle” in China & Europe.
Nidec previously predicted it would produce 1.2 million units of “e-axle” n the 2023 financial year, more than double the number planned this business year, in response to soaring demand, mainly in China.
It is planning to augment “e-axle” production capacity to 7 million per year globally by March 2026.
The German cartel office has given the green light for Bosch, Infineon Technologies, and NXP Semiconductors to acquire stakes in TSMC’s new semiconductor plant in Dresden, Germany. Each of these renowned companies is set to…
The first pre-production model of the Series-M Utility, an all-electric 4×4, has rolled off the production line, just ten months after the initial prototype was unveiled. Featuring two different powertrains…
“Winner of 2023 best start-up agency award” The Global Recruiter Awards
Already a global specialist in their niche market, with clients across three continents they experienced 100% growth in all areas in the last year. This company is well on its way to its mission to be number one in their field.
