# Nidec to build $1.9B EV motor factory in Serbia

Nidec will invest about 200 billion yen ($1.9 billion) to build an electric vehicle motor factory in Serbia, targeting production of 200,000 to 300,000 motors per year by 2023.

- Type: New facility
- Announced: 2020-11-02
- Where: Serbia, Serbia
- Value: $1.90B (200.0B JPY)
- Starts operating: 2023
- Status: announced
- Capacity: 200,000-300,000 motors per year
- Products: electric vehicle drive motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGKKZO65728780R01C20A1MM8000/), 2020-11-01: "日本電産は約2千億円を投じて欧州のセルビアに電気自動車（EV）用駆動モーターの工場を設ける。"
- [asia.nikkei.com](https://asia.nikkei.com/business/technology/nidec-plans-2bn-ev-motor-factory-in-europe-for-bet-beyond-china), 2020-11-01: "Japan's Nidec will spend about 200 billion yen ($1.9 billion) to build an electric vehicle motor factory in Serbia"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.