Nidec to invest ¥50B in Chinese machine tool plant for gear production

Nidec will invest 50 billion yen ($433 million) to increase Chinese production of machine tools used to make gears, expanding beyond its mainstay motors to capitalize on China's electric vehicle push.

“Nidec will invest 50 billion yen ($433 million) to increase Chinese production of machine tools used to make gears.”asia.nikkei.com

• 1 source
• asia.nikkei.comJapan's Nidec rides China EV boom by expanding machine tool output - Nikkei AsiaSHUNTARO FUKUTOMI, Nikkei staff writerJan 11, 2022

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