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.
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